Brazilian dairy producer Lacteos Brasil SA LBR, which is partly owned by private equity firm Laep Investment Ltd, filed for bankruptcy protection under Brazilian law late on Thursday, according to a securities filing. Laep has an indirect stake in LBR through investment holding company Monticiano SA. It had announced last month the sale of $10 million of shares to bolster its capital against potential losses in key investments, Reuters reported.
(Reuters) – Brazilian dairy producer Lacteos Brasil SA LBR, which is partly owned by private equity firm Laep Investment Ltd, filed for bankruptcy protection under Brazilian law late on Thursday, according to a securities filing.
Laep has an indirect stake in LBR through investment holding company Monticiano SA. It had announced last month the sale of $10 million of shares to bolster its capital against potential losses in key investments.
(Reporting by Alberto Alerigi Jr.; Writing by Silvio Cascione; Editing by Lisa Von Ahn)
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.