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

Reuters2026/07/28 22:15

By:Reuters

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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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

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