OAS SA, the Brazilian builder seeking to emerge from bankruptcy protection, agreed to sell its stake in toll-road operator Invepar to Brookfield Asset Management Inc., according to a person with knowledge of the matter.
Brookfield will pay 1.35 billion reais ($356 million) for OAS’s 24 percent stake in Invepar, according to the person, who asked not to be identified discussing private information. Funds from the sale would be used to pay bondholders, and owners of unsecured dollar notes can expect recovery values of around 15 cents to 20 cents on the dollar, depending on the outcome of several other transactions, the person said.
Brazil Energy Insight 
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