The GPA extrajudicial recovery plan for R$4.5 billion (US$886 million) in debt passed a critical vote. Learn what it means for the Brazilian retailer's.
Brazil · Companies
Key Facts
—Debt targeted. R$4.5 billion (US$886 million) in unsecured financial debts.
—Creditor support. Reached 57.5% backing, surpassing the required 50% legal threshold.
—Operational shield. Supplier, employee, and lease obligations are explicitly excluded.
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