Laep's LBR files for bankruptcy protection in Brazil
SAO PAULO |
SAO PAULO Feb 15 (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)
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