Brazil Prosecutors Oppose Court Approval of Retailer GPA’s Debt Recovery Plan
BRAZIL · COMPANIES Key Facts —What happened: São Paulo state prosecutors asked a court not to approve GPA’s R$4.5 billion (US$873 million) debt plan. —The objection: Prosecutors say the plan lumps very different creditors together, violating equality and good-faith principles. —Who is exposed: Small investors and dissenting minority creditors risk being locked into terms designed […] The post…
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
