Laep Is Selling Shares to Provide ‘Urgent’ Capital Injection
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Laep Investments Ltd., a Hamilton, Bermuda-based private equity fund that invests in companies in Brazil, said it is selling shares because it needs an “urgent capital injection” to pay creditors and suppliers.
Laep plans to raise $10.2 million by issuing 40.1 million new class A shares at 25 cents apiece in the Luxembourg stock exchange, the company said in a regulatory filing yesterday. Laep also trades Brazilian depositary receipts, or BDRs, in Sao Paulo.