21 de abril de 2016 / 17:47 / en 2 años

Brazil's OAS creditors to take over Invepar stake

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

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