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BackClube Caiçaras wins land auction on Ilha Fiscal for R$ 23.3 million
Clube Caiçaras wins land auction on Ilha Fiscal for R$ 23.3 million
NEWS
G1yesterdayBusiness1 min readBrazilView original

Clube Caiçaras wins land auction on Ilha Fiscal for R$ 23.3 million

caiçaras clubtax islandauction

Quick Look

  • Clube Caiçaras won the auction for an 11,300 m² plot of land on Ilha Fiscal, in Rio de Janeiro, paying the minimum value of R$23.3 million established in the notice.
  • The space had already been used by the club for decades with monthly payments to the state government.
  • The auction is part of a process to sell RioPrevidência assets to reinforce the institution's cash flow.

AI-generated summary

Why It Matters

Clube Caiçaras had already been using the land on Ilha Fiscal for decades with monthly payments to the State government. The auction was carried out by RioPrevidência as part of an asset sale process to reinforce the institution's cash flow.

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The winner was the Caiçaras club itself, which had been using the space for decades, with monthly payments to the State government.

The land is eleven thousand and three hundred m², which is equivalent to around a third of the island, and was sold for the minimum price established in the notice: R$23.3 million.

According to RioPrevidência, the auction is part of an asset sale process to reinforce the institution's cash flow.

Open Questions

  • What will Clube Caiçaras' plans be for the land now that it owns it?
  • How does RioPrevidência intend to use the resources obtained from the sale?

Related Topics

caiçaras club
OrganizationsCaiçaras ClubRioPrevidência
PlacesTax IslandRio de Janeiro
Topicstax islandauctionR$ 23.3 millionrioprevidênciaterrainRio de Janeiro
This article was originally published by G1.

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