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MRV completes sale of Texas legacy developments Ten Oaks, Razor Ranch for US$ 139 million

PUBT·07/28/2026 22:15:58
語音播報
MRV completes sale of Texas legacy developments Ten Oaks, Razor Ranch for US$ 139 million
  • MRV completed the sale of legacy developments Ten Oaks and Razor Ranch in Texas, receiving proceeds of USD 139 million.
  • The deal cut consolidated net debt by USD 87 million, a 7.5% reduction.
  • Minority interest fell by USD 46 million.
  • Total asset sales since the December 2024 deleveraging plan reached USD 380 million.
  • Work continues on sales of Memorial and Golden Glades, targeting further deleveraging and an accounting gain on Golden Glades.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MRV Engenharia e Participações SA published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.