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  1. Brastec Technologies
20 March 2012

Brastec Receives Capital Injection of R$70m from the Modal FIP Oil and Gas Fund

Brastec Technologies has entered into an agreement to receive a capital injection of R$70m from the Modal FIP Oil and Gas Fund.

Resources will be invested by the private equity fund of the Modal Bank, which is to hold a minority share in the capital of the company. The percentage has not been revealed.

Brastec Technologies, one of the main national manufacturers of engineering and equipment for oil and gas industry, is interested in acquisitions and investments required for oil exploration in the pre-salt layer.

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