Results for Brazil
- Regulator Seeks Speedy Resolution Of Grupo Rede Bankruptcy
acquiring Rede Energia for the symbolic price of 1 real ($0.50) plus assumed debt and have the exclusive ...
Daily Headline - global.abi.org - 05/07/2013 - 21:56 - 0 comments
- Brazil Wants Shareholders To Pay For Rescue Of Troubled Banks
The Brazilian government, concerned about systemic risk in the rapid growth of banking assets, will propose legislation to make shareholders, bondholders and depositors pay for rescuing troubled banks and shield taxpayers from the cost of bailouts, Reute ...
Daily Headline - global.abi.org - 05/06/2013 - 20:34 - 0 comments
- Brazil Extends Probe Of Failed Banco BVA, Buying Time
Brazil's central bank appointed a committee on Thursday to investigate the reasons behind last year's collapse of Banco BVA SA for an additional 120 days, giving potential buyers more time to consider acquiring the mid-sized lender, Reuters rep ...
Daily Headline - global.abi.org - 04/04/2013 - 22:49 - 0 comments
- Bondholders Unlikely To Derail Brazil's Grupo Rede Takeover Plan
are in the process of acquiring Grupo Rede for the symbolic price of 1 real ($0.49) plus assumed debt. ...
Daily Headline - global.abi.org - 03/26/2013 - 23:10 - 0 comments
- A Day With Brazil's Ambitious But Indebted Shoppers
As Fernanda Castro waits in line to pay for a new blender at a store in a Sao Paulo shantytown, the hairdresser recounts horror stories of friends who fell into debt and struggled to get out, Reuters reported. "I don't want that to happen t ...
Resource Article - global.abi.org - 02/25/2013 - 14:10 - 0 comments - 0 attachments
- Brazil Consumer Default Rate Falls for First Time Since June
Brazil’s consumer-loan default rate fell in November for the first time in five months as the government pushes banks to reduce interest rates, Bloomberg reported. The consumer default rate fell to 7.8 percent from 7.9 percent in October, the central ban ...
Daily Headline - global.abi.org - 12/19/2012 - 23:17 - 0 comments
- Approval of Independencia Restructuring Clears Way for JBS Takeover
The majority of creditors of Independencia, an insolvent Brazilian meatpacker, approved a restructuring plan of the company's debt today, removing one of the last remaining obstacles for the firm to be taken over by its larger rival JBS, Reuters rep ...
Daily Headline - abi_admin - 11/26/2012 - 16:31 - 0 comments
- Centrais Eletricas do Para SA Files for Bankruptcy in N.Y.
Centrais Eletricas do Para SA, a Brazilian utility know as Celpa that was acquired this month by Equatorial Energia SA, filed for Chapter 15 bankruptcy protection in New York, Bloomberg reported. The company, based in Belem, Brazil, listed both debt and ...
Daily Headline - global.abi.org - 11/15/2012 - 23:23 - 0 comments
- In re Centrais Eletricas do Para S.A.
Fri, 11/09/2012 U.S. Bankruptcy Court, Southern District of New York (Manhattan) ...
Chapter 15 New Filing - abi_admin - 11/14/2012 - 14:55 - 0 comments - 0 attachments
- Eletrobras To Take Over Bankrupt Brazil Power Utility
Brazilian state-led power company Eletrobras said on Tuesday that it plans to take over Cia de Eletricidade do Amapa (CEA) to help restructure the bankrupt northern Brazilian utility and recover debts, Reuters reported. The companies and the government o ...
Daily Headline - global.abi.org - 11/13/2012 - 23:05 - 0 comments