Brazil court grants bankruptcy protection for retailer Americanas

A man walks in front of a Lojas Americanas store in Brasilia, Brazil January 12, 2023. REUTERS/Ueslei MarcelinoSAO PAULO, Jan 19 - A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA's

Shares in the company plunged roughly 42.5% to 1.00 real following news of the filing, extending its year-to-date drop to around 90%. Brazil's stock exchange B3The move came "despite the efforts and measures that the management has been taking in the past few days alongside its financial and legal advisers to protect the company from the effects" of the accounting scandal, the company said.

Americanas had said earlier on Thursday that it was considering filing for bankruptcy on an emergency basis, noting its current cash position stood at only 800 million reais, down from a previously reported 7.8 billion. In the filing, Americanas asks to exclude fintech Ame from the bankruptcy protection, as it is regulated by the central bank, and for authorization to increase its capital.

Um calote dado pelo apoiador do Lula. O apoiou ao Lula nas eleições, veio na esperança de receber uma ajuda do estado ? Eu sei o que essa turma fez no passado !

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