Inepar reopens plants sale

Inepar reopens plants sale

M&A Debt Regulation Brazil United States Energy Project & Infrastructure Finance

Brazilian energy infrastructure group Inepar said it plans to reopen the sale of two plants after it did not receive payment from Sefran, according to securities filing. Curitiba-based Inepar auctioned off the two units to Sefran for $153 million in May, but it sued the winning bidder for fraud after Bank of America said Sefran provided an invalid Swift number and could not find a bank account in the company's name. US hedge fund Melville Capital Group has reiterated its interest in buying the I

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