© Reuters. FILE PHOTO: Folks stroll in entrance of a Lojas Americanas retailer in Brasilia, Brazil January 12, 2023. REUTERS/Ueslei Marcelino/File Picture
By Gabriel Araujo
SAO PAULO (Reuters) -Brazilian retailer Americanas SA reported 7,720 collectors and debt totaling practically $8 billion inside its restructuring course of, a Rio de Janeiro court docket stated on Wednesday.
Americanas, backed by the billionaire trio that based 3G Capital, entered chapter safety final week after disclosing “inconsistencies” in its accounting, main prime buyers corresponding to BlackRock and Capital Worldwide to reduce their positions within the agency.
Deutsche Financial institution (ETR:) topped the record of collectors initially revealed by Americanas, however the German lender later stated it had no lending relationship or credit score publicity to the Brazilian firm.
The record offered on Wednesday included roughly 41.2 billion reais ($8.1 billion) in debt, in response to the court docket, which initially didn’t disclose the names of the collectors.
Later, nonetheless, Americanas revealed the total record in a securities submitting, starting from small money owed with people and cities to multibillion-reais money owed with banks.
Deutsche Financial institution appeared with a $1 billion debt, however stated in an emailed assertion that it had no direct publicity to the Brazilian agency.
“Deutsche Financial institution shouldn’t be affected because it neither has a lending relationship nor any credit score publicity to the corporate in query,” it stated.
In the meantime, Brazilian banks BTG Pactual, Bradesco and Santander (BME:) Brasil – which analysts beforehand stated have been among the many most uncovered – made the record with money owed of greater than 3.5 billion reais every.
On the identical time, Americanas stated in a separate submitting that U.S. funding administration firm BlackRock Inc (NYSE:) had sharply decreased its place within the agency following the accounting scandal.
Information printed on Americanas’ web site confirmed that in December 2022 BlackRock owned greater than 45.5 million frequent shares within the agency, a stake of roughly 5.05%.
Now, the retailer stated BlackRock had minimize its place to 1,038,566 frequent shares, or about 0.12% of the full, plus some by-product devices accounting for 0.36% of its complete frequent shares.
($1 = 5.1170 reais)