FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the
month of October, 2007
Commission
File Number: 001-33356
Gafisa
S.A.
(Translation
of registrant’s name into English)
Av.
Nações Unidas No. 4777, 9th floor
São
Paulo, SP, 05477-000
Federative
Republic of Brazil
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
|
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Form
20-F
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x
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Form
40-F
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o
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
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Yes
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o
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No
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x
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
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Yes
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o
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No
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x
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Indicate
by check mark whether by furnishing the information contained in this Form,
the
Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
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Yes
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o
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No
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x
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If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
GAFISA
S.A.
CNPJ/MF
nº 01.545.826/0001-07
Publicly-Held
Corporation
PRESS
RELEASE
(Brazilian
Securities Commission’s Instruction No. 358/02)
GAFISA
S.A. (Bovespa:
GFSA3), a publicly-held corporation, with head offices in the city of São Paulo,
State of São Paulo, (“Company”),
hereby announces to the market its partnership with CIPESA ENGENHARIA S.A.,
a
company with head offices in Maceió, State of Alagoas, (“Cipesa”),
being
the owner of 70% of the shares issued by CIPESA EMPREENDIMENTOS IMOBILIÁRIOS
S.A., with the purpose of developing, jointly, in both states of Alagoas and
Sergipe, the promotion, management, building and marketing of residential real
state enterprises.
São
Paulo, October 26th, 2007.
GAFISA
S.A.
Alceu
Duílio Calciolari
Investor
Relations Officer
Gafisa
Acquires 70% of Cipesa
--Leading
Brazilian Developer Consolidates Presence in the
Northeast--
SAO
PAULO, Brazil, Oct. 26 /PRNewswire-FirstCall/ -- Gafisa S.A. (Bovespa:
GFSA3;
NYSE: GFA),
Brazil’s leading diversified national homebuilder, today announced that it has
acquired a 70% stake in Cipesa, the leading homebuilder in the state of
Alagoas.
Grupo Tercio Wanderley, one of the largest sugar and alcohol producers
in the
North/Northeast regions of Brazil formed Cipesa to develop real estate
in that
area. Since 2006, Cipesa has been an important partner to Gafisa, and under
our
current partnership agreement, it is expected that we will launch R$ 109
MM of
new developments in 2007.
Gafisa
and Cipesa will create a new company (“Cipesa Empreendimentos Imobiliarios”) to
be 70% owned by Gafisa and 30% owned by Cipesa. This new entity will serve
as
the sole vehicle for Gafisa and Cipesa to develop projects in the states
of
Alagoas and Sergipe.
Gafisa
will capitalize Cipesa Empreendimentos Imobiliarios with R$ 50 million
in cash
and will purchase R$ 15 million of Cipesa’s shares in the new company throughout
a 1 year period. Additionally, Cipesa is entitled to an earn-out of 2%
of the
potential sales value (PSV) launched by the new company until 2014. This
earn-out is capped at R$ 25 million. In consideration for its ownership
position
in the new company, Cipesa will contribute its entire R$ 1.5 billion land
bank
which represents eleven potential projects across all segments of the market.
“Cipesa
is the undisputed leader in Alagoas with its strong brand identity, substantial
land bank and extensive experience in the permitting and approval processes.
We
have had a very successful working relationship with Cipesa, having launched
three projects since last November, “commented Wilson Amaral de Oliveira, CEO of
Gafisa. “With our broad scope and scale, we are confident that this new venture
will further create synergies that will allow us to expand our national
footprint and sustain our growth.”
“Gafisa
started its geographic diversification several years ago, and is now in
the
second cycle of launches. We are already at the forefront of delivering
completed developments in many new locations, such as Manaus, Belem, and
Salvador among other places. This acquisition will add significant value
to
Gafisa as we continue to develop our attractive land bank and work with
our
important partners in expanding our national presence,” concluded Mr. Amaral.
Conference
Call Information:
English
Date:
10/29/2007
Time:
12:00 (US-EST) 14:00 (Brasilia)
Phone:
(1
973) 935-8893.
Replay
(available for 7 days): (1 973) 341-3080.
Code
(the
same for the call/replay): 9398702
Portuguese
Date:
10/29/2007
Time:
11:00 (US-EST) 13:00 (Brasilia)
Phone:
(55 11) 2101-4848.
Replay
(available for 7 days): (55 11) 2101-4848.
Code
(the
same for the call/replay): Gafisa
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About
Gafisa
Gafisa
is
one of Brazil’s leading homebuilding companies, focusing on residential markets.
Over the last 50 years, we have completed and sold more than 900 developments
and constructed nearly 37 million square meters, believed to be more than
any
other residential development company in Brazil. Gafisa is one of the best-known
brands in the real estate development market, enjoying a reputation among
potential homebuyers, brokers, lenders, landowners and competitors for
quality,
consistency and professionalism.
For
additional information:
Investor
Relations
Bruno
Teixeira
Phone:
+55 11 3025-9297
Fax:
+55
11 3025-9217
E-mail:
ir@gafisa.com.br
Website:
www.gafisa.com.br/ir
Media
Relations (US - Europe)
Megan
Hakes
Reputation
Partners
Phone:
+011 312 222 9299
Fax:
+011
312 222 9299
E-mail:
megan@reputationpartners.com
Media
Relations (Brazil)
Joana
Santos
Maquina
da Noticia
Phone:
+55 11 3147-7900
Fax:
+55
11 3147-7900
E-mail:
Joana.santos@maquina.inf.br
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