July 4, 2022
Inepar (INEP4) receives an offer of $125 million from American Melville to sell the units;  Work jumps more than 20%

Inepar (INEP4) receives an offer of $125 million from American Melville to sell the units; Work jumps more than 20%

in Inbar (INEP4), in a judicial redemption, informed the market that American Melville Capital Group had proposed to acquire isolated production units (UPI) IPM and IOG for $125 million. As a result, at 10:39 AM (Brazilian time), INEP4’s assets were up 22.30% at R$1.70.

Of the total amount, 65% corresponds to the stated value of property and fixed assets included in it and 35% corresponds to the commercial value of the UPI IPM / IOG operating units, including assets, intellectual property and other intangible assets.

Inbar noted that 15% of the total amount must be paid within 30 calendar days, calculated from the date of signing the offer into an account linked to judicial redemption records.

The remaining 85% must be paid within 30 calendar days, calculated from the decision to endorse the competitive process by a judicial reorganization process judge.

Inepar in December introduced the asset sale structuring, in order to acquire new resources, implement a restructuring plan and create new businesses, including the sale of UPIs.

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