(Reuters) – Brazilian retailer Americanas SA has implemented at least 1 billion reais ($197. 12 million) in property financing from its bankruptcy process, according to a securities statement on Tuesday.
The financing is intended to help the company maintain “the overall course of its business and its liquidity,” the corporation said.
Americanas, subsidized through the billionaire trio that founded investment company 3G Capital, went into bankruptcy coverage this month after revealing “inconsistencies” in its accounting, prompting major investors such as BlackRock and Capital Group to their positions in the company.
He said he is in talks with key shareholders — Brazilian billionaires Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, founders of 3G Capital — about the option for them to underwrite the full minimum amount of financing.
($1 = R$ 5. 0731)
(Reporting by Carolina Pulice and Gabriel Araujo; editing by Isabel Woodford and Stephen Coates)
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