A Casas Bahia (BHIA3) has informed the market that it is facing a request to challenge its out-of-court settlement plan and its approval
As communicated this Wednesday (5) to the Securities and Exchange Commission (CVM) in a Relevant Fact, the request came from Opea Securitizadora, as holder of bonds, and Pentágono Distribuidora de Títulos e Valores Mobiliários, issuer of bonds held by BHIA3.
Both operators have submitted a request for approval of a extrajudicial recovery of Casas Bahia and his approval.
This means the retailer could face new legal problems, including the recovery of debts of R$4.1 billion, as well as a net loss of R$261 million.
“The company [Grupo Casas Bahia] understands that the exceptions are without merit and must be rejected,” the retailer states in the document addressed to the CVM.
According to the company, the Judicial recovery plan of Casas Bahia meets all applicable legal requirements and is supported by approximately 55% of thematic credits (according to the criteria defined in RJ plan).
The rate is sufficient to have the minimum quorum necessary for ratification, including bond issues represented by OPEA and the Pentagon.
It is also specified that the company will respond to objections within the legal deadlines and will keep its shareholders informed of any relevant developments in this regard.
This Wednesday (5), the BHIA shares3 they closed the day down 1.26%, trading at R$6.27.
Casas Bahia (BHIA3) and more retail shares for ‘sale’?
Retailers have had a tough week so far.
On Tuesday (5), the shares fell as much as 9.03%. The drop symbolized a -41.53% fall for the stock over the year and -86.87% over the last 12 months.
“It could be a technical correction motivated by the realization of possible profits given the recent appreciation, added to the possibility of a tougher macroeconomic policy due to GDP growth higher than market expectations,” assesses the variable income specialist of Status Invest Assessoria , Tales Barros.
Source: Terra
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