- Brookfield Asset Management (NYSE:BAM) agrees to buy a stake in toll-road company Invepar from bankrupt Brazilian builder OAS SA. reports Bloomberg.
- OAS is selling its 24% holding for $356M, according to a source, with funds to be used to pay bondholders and some unsecured creditors about 15-20 cents on the dollar for paper they own.
- Brookfield was already involved, having provided more than $200M in debtor-in-possession financing to OAS that used the Invepar stake as collateral. The amount of that loan has been reduced as part of the sale.