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44 results for “restructuring”
TIM Brasil Gets New Indirect Controller as Italy’s Poste Italiane Takes Over Telecom Italia
Italy's state-backed Poste Italiane becomes the ultimate parent of TIM Brasil after successfully acquiring 66.6% of Telecom Italia.
Cash-Strapped Casas Bahia Faces B3 Deadline to Escape ‘Penny Stock’ Status
Brazilian retailer Casas Bahia, already in court-supervised restructuring, was warned by the B3 stock exchange to raise its stock price above R$1.00 by March 2027 or face regulatory action.
Rio Utility Light Exits Judicial Recovery After Restructuring R$11 Billion in Debt
Light S.A., the major energy utility for Rio de Janeiro, has officially exited its three-year judicial recovery process after fulfilling the obligations of its debt restructuring plan.
Brazilian Tech Company Bemobi Moves to Absorb Subsidiary 7AZ to Streamline Operations
Brazilian mobile digital services firm Bemobi is incorporating its wholly-owned subsidiary 7AZ Softwares to reduce costs and simplify its corporate structure.
Major Wind Blade Maker Aeris Seeks Court Shield From Creditors Over R$1.94 Billion Debt
Brazilian wind blade manufacturer Aeris Energy filed for a 60-day protection period to negotiate a debt restructuring, highlighting the deep crisis in the Brazil wind sector.
Braskem Faces August 24 Deadline on Debt Stay as $10.3 Billion Restructuring Looms
Latin America’s largest petrochemical giant, Braskem, is scrambling for a deal before a court-ordered debt stay expires, forcing a decision on a massive restructuring.
Casas Bahia Posts R$10.1 Billion Loss, Signals Potential for New Judicial Reorganization
Major Brazilian retailer Casas Bahia reports massive Q2 loss and signals potential court-supervised restructuring, deepening distress in the credit market.
Brazil’s Casas Bahia Posts R$10.1 Billion Loss, Signals Possible Court-Supervised Restructuring
Brazilian retailer Casas Bahia reported a record R$10.1 billion Q2 net loss and is evaluating a judicial debt restructuring.
Casas Bahia Delays Earnings Amid Mass Store Closures and Deep Financial Restructuring
Brazilian retailer Casas Bahia postponed its Q2 earnings report as it closes 298 stores and cuts 1,900 jobs to survive an acute financial crisis.
Cosan to Delist from NYSE After R$2.57 Billion Agricultural Unit Spin-off
Brazilian conglomerate Cosan is voluntarily delisting its ADSs from the NYSE as part of a major corporate restructuring to simplify its balance sheet and structure.
GOL CEO Celso Ferrer Steps Down Post-Restructuring to Lead Boeing Latin America
The chief executive who led Brazilian airline GOL's financial turnaround is leaving to become the President of Boeing for Latin America.
Braskem Races Against August 24 Deadline to Finalize US$10 Billion Debt Restructuring
Brazil’s largest petrochemical company seeks an out-of-court deal for over $10B in debt, pressured by creditors and environmental liabilities.
Brazilian Agribusiness Crisis Worsens as Farm Recovery Filings Surge Amid Record Debt
Financial distress in Brazil’s powerhouse agribusiness sector is deepening, with farm debt restructuring accounting for 20% of all insolvencies.
Brazil Agribusiness Debt Crisis Deepens as Financial Distress Filings Hit Record
Court-supervised debt restructuring filings by Brazilian rural producers jumped over 56% in 2025, exposing financial fragility at the core of the economy.
Steel Giant Gerdau Plots Major Restructuring to Rebalance Earnings Back to Brazil
Gerdau will unveil a decade-long plan in October to transform its Brazilian unit, which currently contributes only 20% of its core profit.
Real Estate FII Sells R$109 Million Portfolio to Pão de Açúcar Amid Retailer's Debt Restructuring
Brazilian real estate fund TRXF11 sold three properties leased to GPA for R$109.25 million, netting a R$34.8 million capital gain.
Moody's Local Downgrade Hits Cosan as Raízen Restructuring Signals Weaker Dividend Flow
Moody's Local Brasil cut the rating for Brazilian conglomerate Cosan (CSAN3) to A+.br, reflecting the credit deterioration of its subsidiary Raízen.
Moody's Downgrades Cosan (CSAN3) as Raízen's Debt Restructuring Creates Contagion Risk
Moody's Local Brasil downgraded holding company Cosan's rating to A+.br with a negative outlook, citing the credit impact from its subsidiary Raízen's R$61.4 billion debt overhaul.
Cosan (CSAN3) Rating Cut as Raízen’s Debt Crisis Spurs Contagion Fears in Brazil Conglomerate
Moody's Local Brasil downgrades Cosan to A+.br on risks from Raízen's R$65 billion debt restructuring and holding company's reduced portfolio.
Cosan Downgrade Highlights Spillover Risk from Raízen’s $12.8 Billion Debt Restructuring
Moody's Local Brasil cut the rating on Brazilian conglomerate Cosan, citing the severe financial distress at its energy subsidiary Raízen.
Casas Bahia Q2 Earnings to Test if R$ 7.7 Billion Debt Restructuring Can Offset Net Loss
Brazilian retailer Grupo Casas Bahia (BHIA3) reports Q2 earnings, with focus on whether financial expense savings can finally outweigh strong operational gains.
CACR11 Surges 10.55% on Turnaround Hopes Following Major Asset Restructuring
Cartesia Recebíveis Imobiliários FII (CACR11) led the IFIX index gainers with a double-digit surge, fueled by reported progress in restructuring key assets and boosting underlying collateral value.
São Paulo Court Approves Raízen's R$65 Billion Restructuring; Creditors to Convert Debt to Equity at Premium
Brazil's largest-ever extrajudicial recovery plan for Raízen was approved, converting R$65.14B in debt to equity, ending uncertainty for RAIZ4 and CSAN3.
Galípolo Meets BRB Leadership as R$6.6B Rescue Plan Stalls
BC President Gabriel Galípolo met with BRB to discuss restructuring amid a stalled R$6.6 billion rescue package, raising concerns over systemic risk.
Sabesp-EMAE Merger Vote Proceeds July 30 Despite Legal Challenge, Confirming Post-Privatization Momentum
Sabesp and EMAE confirmed their EGMs will proceed on July 30 to vote on the merger, pushing back on a minority shareholder's legal challenge.
Light S.A. (LIGT3) Soars on Final Technical Step to Exit Judicial Recovery
Brazilian utility Light S.A. stock was the B3's top small-cap gainer as a key technical step in its R$1.5 billion restructuring concludes.
Fiagro RZTR11 Secures R$0.18/Quota Extraordinary Income in Farm Lease Restructuring
RZTR11, a leading Brazil agribusiness Fiagro, announced an extraordinary income of R$0.18/quota from a fine tied to a contract re-negotiation.
OUJP11 FII sets July 28 deadline for restructuring vote
Shareholders in the R$ 329 million OUJP11 real estate paper fund have until July 28 to vote on a structural split into JPPA11 and FTRR11.
CMN Regulates Farm Debt Relief, Easing Bank Credit Risk
Brazil's CMN has issued Resolution 5,330 to regulate MP 1,376/2026, offering crucial rural debt restructuring and easing credit risks for major lenders.
Oncoclinicas Files Out-of-Court Restructuring for R$5.1B Debt
Brazilian cancer-care provider Oncoclinicas files for out-of-court restructuring to reprofile R$5.1 billion in debt, opening high-yield distressed opportunities.