BrasilAgro Falls as Elie Horn Quits Board, Controlling Block
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BrasilAgro - Companhia Brasileira de Propriedades Agricolas dropped the most in a week after the Brazilian farmland developer said shareholder Elie Horn resigned from the company’s board and will exit its controlling group.
Shares fell 1.4 percent to 7.55 reais at the close of trading in Sao Paulo. Trading volume surged more than 12-fold from the average over the past three months. The benchmark Bovespa index climbed 0.5 percent.