August 8, 2016 / 12:12 PM / in 2 years

Brazil's Invepar sells subsidiaries in Peru to Frances's Vinci for $1.43 billion

SAO PAULO, Aug 8 (Reuters) - Brazil’s infrastructure company Invepar has agreed to sell two subsidiaries in Peru to France’s construction and engineering conglomerate Vinci SA for 4.55 billion reais ($1.43 billion), the company said in a securities filing on Monday.

Invepar, controlled by Brazilian pension funds and bankrupt construction company Grupo OAS’ creditors, said in a securities filing that contracts to sell Linea Amarilla SAC and PEX Peru SAC were signed on August 5.

OAS, which filed for bankruptcy last year, surrendered its stake in Invepar to creditors in April. Rio de Janeiro-based Invepar said in the filing it plans to concentrate on investments in Brazil.

$1 = 3.1887 Brazilian reais Reporting by Tatiana Bautzer; Editing by Chizu Nomiyama

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