Brazilian retailer CVLB Brasil has filed for bankruptcy protection, saying on Wednesday that it needed to broaden and provide greater legal stability to an ongoing debt restructuring process, Reuters reported. "The company clarifies that its sales ecosystem, which includes physical stores and digital channels, remains fully operational," said the retailer, which runs the CASA&VIDEO and Le Biscuit store chains.
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Brazil's planned critical minerals rules do not involve fresh tax breaks, Finance Minister Dario Durigan said on Friday, adding that their aim was to secure national sovereignty and add value through domestic processing, Reuters reported. Durigan, who took charge of the ministry last month, told Reuters from his new office that critical minerals would be a priority in a May or June auction for the Eco Invest program, which offers blended finance to lure foreign investment. Although a small producer, Brazil holds vast reserves of critical minerals that are key for high-tech industries.
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Raízen SA’s bank creditors presented the Brazilian bioenergy company with a new restructuring proposal, Bloomberg News reported. As part of the plan, creditors are proposing that 30% of the proceeds from the sale of Argentine assets be used to pay down debt, said the people, who asked not to be identified citing private negotiations. Creditors are also requesting that Rubens Ometto, the founder of parent Cosan SA, be replaced as Raízen’s chairman, echoing a previous proposal by bondholders.
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Oncoclínicas is set to file a precautionary court request seeking protection from creditors after breaching its debt limits and receiving a going-concern warning from Deloitte, Bloomberg News reported. The company must also negotiate with physicians this week, as doctors have threatened a coordinated resignation over drug shortages that have already delayed treatment for around 6,000 cancer patients. Sources added that Porto and Fleury requested an extension of their exclusivity agreement, which expired on Sunday (12), though approval appears uncertain.
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Brazilian airline Azul said on Monday that Chief Financial Officer Alex Malfitani, one of the airline's founders, will step down on April 20, with Embraer's Antonio Carlos Garcia set to assume the role, Reuters reported. Garcia served as CFO at Embraer, which announced his resignation earlier on Monday. Embraer added that CEO Francisco Gomes Neto will assume the CFO position on an interim basis.
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Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem even as the company is racing against the clock to deal with looming interest payments on its debt, Reuters reported. The petrochemical producer, with operations in Brazil, the U.S. and Mexico, is considering whether to seek an injunction to avoid a painful debt restructuring, as the stronger market outlook is not enough to provide short-term relief. Brazilian newspaper Valor was first to report that Braskem could file a petition seeking protection from its creditors.
Brazil's federal audit court TCU deferred its ruling on the Banco Master case despite the conclusion of an internal audit amid elements under review by other authorities that are necessary for its decision, the judge overseeing the case said on Tuesday. In February, Reuters had already reported that the TCU audit did not give any recommendations regarding the central bank's conduct in the liquidation of Banco Master in November amid a sharp liquidity crisis and alleged sale of fraudulent credit portfolios.
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Brazil's new Finance Minister, Dario Durigan, plans to adjust the ministry's communication strategy and postpone tax measures, including rules on crypto taxation, as the country heads into a presidential election this year, two sources familiar with the matter told Reuters. Durigan, who took office on Friday after Fernando Haddad stepped down to run for Sao Paulo governor, intends to prioritize microeconomic legislation while delaying divisive fiscal plans to avoid losing political capital in Congress, the sources said.
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Brazil's Companhia Siderurgica Nacional (SID) jumped 10.9% in Monday's trading after saying it reached agreement for a group of banks to extend the company a $1.2B loan, easing concerns about its ability to meet near-term obligations, SeekingAlpha.com reported. The credit line is expected to be partially secured by certain assets designated for sale and can be increased to $1.4B, Bloomberg reported, citing a regulatory filing.
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Alliança Saúde has turned to the courts for temporary protection as it faces mounting debt obligations, BitGet.com reported. The company is proactively requesting judicial assistance to manage approximately 155 million reais in principal and interest payments scheduled for April and October. This move follows a clear signal from credit markets: Fitch Ratings recently lowered Alliança's rating to CCC+, citing insufficient liquidity as of September 2025 to meet these payments. Rather than a last-minute reaction, this is a calculated step to pause and reassess, prompted by the downgrade.
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