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Brazilian property developer Mitre Realty files for IPO

Brazilian property developer Mitre Realty filed for an IPO that will consist of primary and secondary share offerings, Reuters reported, citing documents registered with Brazil's securities commission.

The Sao Paulo-based company will use proceeds from the primary offering to acquire land and to pay down construction costs, among other uses.

Itaú BBA, BTG Pactual and Bradesco BBI will mange the IPO, according to the report.