Americanas proposes $1.9 billion for creditors from top shareholders
FILE PHOTO: The Americanas store logo is seen in Rio de Janeiro, Brazil May 10, 2018. REUTERS/Sergio Moraes/File Photo
SAO PAULO (Reuters) - Bankrupt Brazilian retailer Americanas SA said on Tuesday it has offered a capital injection to its creditors of 10 billion reais ($1.93 billion) which would come from top shareholders.
The company added that so far there is no agreement on the proposal.
($1 = 5.1910 reais)
(Reporting by Carolina Pulice; Editing by David Alire Garcia)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US Transportation Secretary meeting with Boeing, GE CEOs on aircraft certification reform efforts
- OpenAI employee who left for Apple took files about unreleased device, OpenAI alleges
- AI infrastructure firms slump as US rate hike bets rise
Create E-mail Alert Related Categories
ReutersRelated Entities
BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share