November 10, 2022
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
Brazilian energy infrastructure group says US hedge fund Melville Capital is still interested after it does not receive payment from Sefran