SAO PAULO (Reuters) - Glencore PlC (>> Glencore) has signed an agreement to invest up to 66 million reais (16.16 million pounds) into Brazilian copper producer Paranapanema SA, the Brazilian firm said in a securities filing.

Paranapanema (>> Paranapanema SA) said the cash injection will give Glencore the right to appoint one board member and that the agreement is conditioned on Paranapanema proceeding with a reorganization plan that will include refinancing its debt with creditors.

($1 = 3.1406 reais)

(Reporting by Tatiana Bautzer; Editing by Jonathan Oatis)

Stocks treated in this article : Paranapanema SA, Glencore