Brazil's IMC in talks for a merger with a fund of Vinci Compass, source says
Brazil's IMC in talks for a merger with a fund of Vinci Compass, source says RIO DE JANEIRO, Sept 17 (Reuters) - Brazilian restaurant operator IMC MEAL3.SA and a fund of Brazilian asset management Vinci Compass VINP.O are in preliminary talks for a merger, a source familiar with the matter said on Thursday.
The talks are for a business combination between IMC, which operates Frango Assado and Pizza Hut stores in Brazil, and the private equity fund that holds Vinci's ownership in the local operation of Outback, the source said.
The preliminary talks for the deal were reported by local newspaper Valor Economico earlier on Thursday.
(Reporting by Pedro Fonseca in Rio de Janeiro; Writing by Andre Romani; Editing by Chris Reese)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
Recent news on Vinci Compass Investments
See all newsBrazil's IMC in talks to merge with a fund of Vinci Compass, source says (updated)
Brazil's IMC in talks for a merger with a fund of Vinci Compass, source says
Brief: Vinci Compass Completes The Acquisition Of Navi's Real Estate Platform
Vinci Compass Investments Ltd reports results for the quarter ended June 30 - Earnings Summary
Brazil's Vinci Compass Q2 Fee Related Earnings rise 36% on platform resilience