Monday, January 30, 2012

BHG Announces 24.5% Swap in the Singlehome Project in Trancoso

The transactions reinforces its land bank divestments SAO PAULO, Jan. 30, 2012 /PRNewswire/ -- BHG S.A. - Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) announces it has signed a Protocol of Intent with Cesto Participacoes S.A. to swap 24.5% of its equity in the company set up to develop the Singlehome Trancoso project in Trancoso, in Southern Bahia, currently part of BHG's land bank. In exchange, Cesto Participacoes S.A. will transfer the ownership of 41 units in the future "Gold...continued
 

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