Americanas Asks Court to End Judicial Recovery After Fulfilling Creditor-Approved Plan

Overview

• Americanas said it filed in Rio de Janeiro’s 4th Business Court to close its court‑supervised restructuring for the entire group after carrying out the plan approved by creditors.
• Under Brazil’s recovery law, a company can seek closure within two years of plan approval once it proves it met the steps promised to creditors.
• In a parallel ruling, the same court named Fan Store Entretenimento (BandUP!) the buyer of Uni.Co and disqualified Solver Soluções Críticas for submitting an unsealed bid envelope.
• The decision orders the transfer of Uni.Co shares to the winner free of any liens, as set out in Americanas’ court‑approved plan.
• The case stems from an accounting shortfall disclosed in 2023, with G1 citing more than R$50 billion in debt and about R$42 billion in the court process, while Agência Brasil reports a R$20 billion hole and roughly R$40 billion in debts.