UPDATE 2-Shares in Brazilian homebuilder MRV shoot up with ambitious growth plan
(World News Brazil)

Shares in Brazilian homebuilder MRV Engenharia e Participacoes SA shot up more than 5 percent on Tuesday as executives unveiled plans to start construction on 50,000 new home units in 2018, which could generate more than 7 billion reais in sales. Speaking to analysts and investors, Rafael Menin, co-chief executive officer, said MRV would resume construction of middle-income homes as the country`s economic outlook improves. ......