SAO PAULO, April 21 (Reuters) - Brazilian construction company Grupo OAS said its creditors would take over its 24.5 percent stake in infrastructure company Invepar as part of a restructuring plan.
OAS’s shares of Invepar will be transferred to SPE Credores by the end of the day on May 31, the company said in a statement on Thursday.
Grupo OAS filed for bankruptcy protection in a São Paulo court last year to restructure 8 billion reais ($2.3 billion) in debt owed by nine units.
The bankruptcy petition came after Grupo OAS struggled with the impact of a corruption probe at government-controlled oil producer Petróleo Brasileiro SA and other state companies that limited access to financing.
$1 = 3.5 reais Reporting by Caroline Stauffer; Editing by Lisa Von Ahn