21 de julio de 2017 / 21:22 / hace un mes

Glencore to invest $21 mln in Brazil's copper producer Paranapanema

SAO PAULO, July 21 (Reuters) - Glencore PlC has signed an agreement to invest up to 66 million reais ($21 million) into Brazilian copper producer Paranapanema SA, the Brazilian firm said in a securities filing.

Paranapanema said the cash injection will give Glencore the right to appoint one board member and that the agreement is conditioned on Paranapanema proceeding with a reorganization plan that will include refinancing its debt with creditors. ($1 = 3.1406 reais) (Reporting by Tatiana Bautzer; Editing by Jonathan Oatis)

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