Markets
MRV Slashes Net Debt by 7.5% After Concluding US$139M Resia Asset Sale
MRV Slashes Net Debt by 7.5% After Concluding US$139M Resia Asset Sale

Brazilian homebuilder MRV Engenharia (MRVE3) has significantly advanced its deleveraging strategy by concluding the sale of two legacy projects from its U.S. subsidiary, Resia, for $139 million (R$716 million), leading to a material reduction in its debt load. The transaction, part of the company's broader strategic divestment, immediately cuts MRV's consolidated net debt by $87 million, representing a 7.5% reduction. Investors reacted positively to the balance sheet clean-up, sending MRVE3 shares up 4.71% to R$4.74 on the B3 stock exchange, outperforming the Ibovespa which rose 0.70% to 176,564.75.
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