Brazil's IMC in talks to merge with a fund of Vinci Compass, source says

By Reuters News

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.

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