Cyrela’s Bold Move: Canceling Shares and Launching Buyback Program

Cyrela, a prominent Brazilian real estate developer, has taken decisive action to enhance shareholder value. On December 2, 2024, the company announced the cancellation of 6,742,799 treasury shares. This move keeps Cyrela’s share capital steady at R$3.685 billion, now divided among 393,000,000 ordinary shares. The company’s Board of Directors didn’t stop there. They also approved […]