Americanas Wins Court Approval to Sell $23 Million in Rio Real Estate
Brazilian retail giant Americanas has secured judicial approval to sell three Rio de Janeiro properties for R$ 130 million to fund its post-fraud restructuring.
A major corporate restructuring in Latin America took a step forward as a Brazilian court cleared the way for a cash injection. Global investors tracking the fallout of the country's most notorious corporate collapse are watching whether the retailer can successfully liquidate its physical footprint to pay down massive liabilities.
On October 14, 2026, the 4th Business Court of Rio de Janeiro approved the sale of three commercial properties owned by Americanas S.A. for a combined R$ 130 million (approximately $23 million). The transaction represents a crucial liquidity boost for the embattled retail giant as it navigates a complex judicial recovery following a catastrophic multi-billion-dollar accounting scandal.
The properties are located in the prominent Rio de Janeiro neighborhoods of Laranjeiras, Tijuca, and Freguesia do Engenho Velho. Under the terms of the court-approved deal, a real estate firm called Supermundi Empreendimentos e Participações will purchase the Laranjeiras site for R$ 95 million. A Brazilian real estate investment fund, FII Antilhas, will acquire the remaining properties for R$ 34.92 million, plus an additional R$ 80,000 for the installed air conditioning systems.
The transactions were finalized at their base "stalking-horse" prices. According to a market filing signed by Chief Financial Officer Sebastien Durchon on October 14, 2026, the court canceled a competitive public auction originally scheduled for October 22, 2026, because no rival bidders emerged to challenge the initial offers.
This sale is part of a broader transformation plan designed to salvage the century-old retail chain. Lojas Americanas, once a staple of Brazilian shopping malls, was thrown into bankruptcy protection in early 2023 after revealing a R$ 20 billion ($4 billion) "accounting inconsistency" that was later exposed as a systemic, multi-year fraud. The company's collapse sent shockwaves through regional credit markets and severely damaged investor confidence in Brazilian corporate governance.
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Americanas S.A. trades on the Brazilian B3 exchange under the ticker AMER3. While the company does not maintain an active direct listing on major U.S. exchanges, its ongoing restructuring significantly impacts broad-market exchange-traded funds that track Brazilian equities, such as the iShares MSCI Brazil ETF (EWZ), which holds diversified exposures across the country's retail and financial sectors.