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Brookfield Soars in Brazil on Plan to Take Builder Private

Brookfield Incorporacoes SA, Brazil’s worst-performing homebuilder in the past year, surged to the highest since October as its biggest shareholder offered to buy the stock it doesn’t own and delist the company.

BRB Participacoes, a unit of Toronto-based Brookfield Asset Management Inc. that owns 39 percent of the Brazilian builder, will offer as much as 1.60 reais each for all outstanding voting shares, according to a regulatory filing after the close of the market on Feb. 14.