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Americanas exits judicial recovery after R$20bn fraud, court ruling
Published 10 h ago2 sourcesEvidence: Reported
SeverityModerateBrazil JournalLow-rated sourceBR
A São Paulo court approved the judicial recovery of Brazilian retailer Casas Bahia, which filed in August with R$17.3B in debts, mostly unsecured. The approval allows the company to restructure under court protection, but its financial viability remains uncertain. This signals stress in Brazilian consumer retail and may pressure creditors and the company's shares.
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