Brazilian dairy firm Laep Investment has entered into an agreement that will see Global Emerging Markets purchase BRL120m (US$67m) of the company’s shares.
Laep said today (15 January) that that the cash injection would be used to increase working capital restructure and its financing agreements.
The company, which owns Parmalat Brazil, said that the deal represents an important step in its restructuring process, which it began last September.
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