Brazil’s Laep BDA Assets Could Be Liquidated

March 25, 2013

The Bermuda assets of Laep Investments Ltd — a Bermuda-based buyout fund with interests in luxury retailing and dairy products in Brazil — could be liquidated, according to a report from Reuters.

Cayman Islands-based fund GLG Emerging Market Special Situations Fund won the right to be repaid a debt with Laep’s assets. Laep owes GLG around $76 million, and ranks above employees, shareholders and other creditors in the order of repayment.

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