Inpasa says founder's family invested in Vibra for financial goals
Late on Thursday, news outlet Brazil Journal reported that Inpasa, which was founded in Paraguay and is the largest producer of corn ethanol in Brazil, had been acquiring shares in Vibra, coming up to a 3% stake and wanting to increase it further.
In its statement, Inpasa did not disclose the size of the stake in Vibra owned by the fund.
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SAO PAULO, July 4 (Reuters) - Ethanol producer Inpasa said on Friday that a fund linked to its founder's family had invested in Brazilian fuel distributor Vibra ( opens new tab, adding that the investment has strictly financial goals and no relation to Inpasa operations, according to a statement. Late on Thursday, news outlet Brazil Journal reported that Inpasa, which was founded in Paraguay and is the largest producer of corn ethanol in Brazil, had been acquiring shares in Vibra, coming up to a 3% stake and wanting to increase it further. In its statement, Inpasa did not disclose the size of the stake in Vibra owned by the fund.
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