SAO PAULO, July 4 (Reuters) - Ethanol producer Inpasa said on Friday that a fund linked to its founder's family had invested in Brazilian fuel distributor Vibra (VBBR3.SA) , opens new tab, adding that the investment has strictly financial goals and no relation to Inpasa operations.

Late on Thursday, news outlet Brazil Journal reported that Inpasa, which was founded in Paraguay and is the largest producer of corn ethanol in Brazil, had been acquiring shares in Vibra, coming up to a 3% stake and wanting to increase it further.

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In a statement, Inpasa did not disclose the size of the stake in Vibra owned by the fund.

"This fund has a diversified portfolio, with stakes in several listed companies, including Vibra, without this representing any corporate, strategic or partnership link with Inpasa," the firm said.

Vibra declined to comment.

Sao Paulo-traded shares of Vibra settled up 2.7%, which positioned the firm as the top gainer among stocks on Brazilian equities benchmark index Bovespa (.BVSP) , opens new tab in the session.

($1 = 5.4226 reais)

https://www.reuters.com/business/energy/inpasa-says-founders-family-invested-vibra-financial-goals-2025-07-04/