Brazil's IMC in talks to merge with a fund of Vinci Compass, source says (updated)
UPDATE 1-Brazil's IMC in talks to merge with a fund of Vinci Compass, source says Adds statement
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 tie-up between IMC, which operates Frango Assado and Pizza Hut in Brazil, and the Vinci fund that controls local operations of Outback, the source said.
The preliminary talks for the deal were reported by local newspaper Valor Economico earlier on Thursday.
IMC said in a statement that it "does not comment on market rumors."
The firm added that it has proposed to extend debt maturities, which includes potential asset sales to repay obligations.
Vinci Compass did not immediately respond to a request for comment.
(Reporting by Pedro Fonseca in Rio de Janeiro; additional reporting by Isabel Teles and Andre Romani; Editing by Chris Reese and Kylie Madry)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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