Fictor creditors to vote on recovery plan after failed Banco Master bid

Fictor Group's first creditors' assembly convenes Tuesday to decide on its judicial recovery plan, which covers R$ 4.3 billion in debts. The company is linked to the failed acquisition of Banco Master, which was liquidated by Brazil's central bank in November 2025 amid fraud allegations under Operation Compliance Zero. The outcome will determine Fictor's restructuring path and may affect creditor recoveries.