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    Home»Economy»Bradesco claims to have every interest in the success of Americanas’ judicial recovery
    Economy

    Bradesco claims to have every interest in the success of Americanas’ judicial recovery

    Charlotte WhitmoreBy Charlotte WhitmoreSeptember 14, 2023No Comments2 Mins Read
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    Bradesco claims to have every interest in the success of Americanas’ judicial recovery
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    Bradesco informed on Wednesday that she has every interest in the success of the judicial recovery of Americana, and that she has not spoken publicly against approving any plan. The bank issued a statement after news broke that the institution was allegedly excluded from the plan, something the retail chain was considering, according to the information.

    “In light of the news published in recent days in various media, Bradesco makes clear that it has a full interest in the success of the judicial recovery of Americanas SA, and that it has never expressed itself against the approval of any judicial recovery plan for Americanas,” the bank says.

    The bank remains at the negotiating table with other creditors. According to the sources, there is a disagreement between banks about how to deal with bank guarantees in this process. Bradesco is one of the banks that claims that this credit is non-competitive, meaning that it should not be treated within the scope of judicial recovery.

    In the note, Bradesco It states that Americanas, officially, has not submitted any recovery plan for consideration at a meeting of creditors, “since the accounts of the said company have not yet been audited, approved and properly presented.”

    With information from Estadão content
    Image: Shutterstock

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    Charlotte Whitmore

    Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.

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