Business · Companies · 2 hrs ago
Court approves Americanas property sale in Rio for R$130 million
Americanas has approval to sell properties in Rio de Janeiro for R$130 million.
The company is under judicial recovery, a court-supervised process for dealing with financial distress.
The city’s 4th Business Court approved binding sale proposals submitted for the properties.
The approval came after no qualified bidders took part in the competitive processes.
The sale would bring money to Americanas as it goes through judicial recovery.
The announcement does not say when the properties will be sold.
A Rio de Janeiro court approved binding offers for Americanas properties in the city, the company said.
The proposed sale is valued at R$130 million.
The approval followed a lack of qualified bidders in the competitive processes.
Americanas is undergoing judicial recovery.
- Who
- Americanas S.A. and the 4th Business Court of the District of the Capital of Rio de Janeiro.
- What
- The court approved binding offers to sell Americanas properties in the city for R$130 million.
- When
- Not stated
- Where
- Rio de Janeiro, Brazil.
- Why
- The approval followed the absence of qualified interested parties in the competitive processes.
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This story does not have a timeline yet.
- Sale value
- R$130 million
- Court
- 4th Business Court of the District of the Capital of Rio de Janeiro
- Company status
- Americanas is undergoing judicial recovery