Restructuring
Invepar Says Debt Restructuring Talks Continue With No Binding Agreement Signed
By News Desk ·
Key takeaways
- Invepar said on October 28, 2026 that no binding debt restructuring agreement has been signed.
- The company reported no additional material information beyond its August 23, 2026 disclosure.
- Invepar's board signed a binding restructuring memorandum with Bradesco in October 2026, with shareholder approval still pending.
Invepar said on October 28, 2026 that its debt restructuring talks remain ongoing and that no binding agreement has been signed, according to The future of trading. The Brazilian infrastructure holding company, which operates toll roads, airports and urban mobility systems, issued the statement in response to media reports.
Invepar's Response to Media Reports
Invepar said it had no additional material information to disclose beyond its August 23, 2026 disclosure. The company described the potential transactions under discussion as aimed at repaying debt or at least extending maturities with existing creditors. The statement followed media coverage of the company's restructuring discussions.
Invepar's portfolio includes GRU Airport, LAMSA, ViaRio and Via 040, according to its company profile. The company is headquartered in Rio de Janeiro and was founded in 2000.
Invepar's Leadership and Divestment Record
According to akta.pro company records, Invepar appointed Osvaldo Garcia as CEO, CFO and Chief Investor Relations Officer effective January 1, 2025, consolidating executive leadership. The same records list Vagner Lacerda Ribeiro as President of the Board of Directors and Carlos Massaru Takahashi as Vice President. Ricardo Rocha Perrone is listed as Chief Financial and Administrative Officer and Investor Relations Officer.
The records also show that Invepar divested the approximately 232 km MG-JF section of the Via 040 concession in April 2024 to the Infraestrutura MG consortium led by EPR. The company's capital stock comprises 429.2 million shares, split between 143.1 million common and 286.1 million preferred shares.
Bradesco Memorandum and Pending Approval
In October 2026, Invepar's board signed a binding restructuring memorandum of understanding with Bradesco after a deadline, with pension funds holding 75% of the company, [pegn] reported. The deal values Invepar at R$800 million after a R$200 million capital injection and includes a 20% debt haircut. Shareholder approval remains pending.
In August 2026, Bradesco proposed a debt restructuring plan for Invepar that aimed to extend debt maturities and gain control over the company's governance, including the appointment of a new CEO for Guarulhos Airport, [Folha] reported.