Brazil's OAS says received five proposals for Invepar stake

Tue Aug 18, 2015 2:34pm EDT
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SAO PAULO Aug 18 (Reuters) - Brazil's OAS Investimentos said on Tuesday it had received five non-binding proposals for its stake in Invepar, which is part of the consortium that runs São Paulo's Guarulhos International Airport.

OAS Investimentos said in a document the best of those proposals have offered about 2 billion reais ($588 million) for the stake. OAS, currently under bankruptcy protection, declined to give the names of potential bidders or the terms of the proposals.

($1 = 3.46 reais) (Reporting by Guillermo Parra-Bernal; Editing by Bernard Orr)