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Brazil builders seek debt relief as housing market plummets

Industry a casualty of the recession, highest interest rates in almost a decade and soaring inflation

Published Wed, Aug 26, 2015 · 09:50 PM

New York

NOT long ago, Brazil's real estate market was one of the biggest symbols of the country's burgeoning economic might.

Now, it's fallen victim to an ever-deepening recession.

PDG Realty SA, once the largest homebuilder by revenue, hired Rothschild last week to help restruct…

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