Justice Approves Recovery Plan for Sugar Bread - 07/10/2026
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8 Articles
The Justice of São Paulo approved the GPA's out-of-court recovery plan, a retailer who owns networks such as Sugar Bread and Extra Market. Exclusive material for subscribers. To have full access, access the link of the material and register.
Out-of-court recovery plan for Sugar Bread approved
SP judgment validates plan that reorganizes R $ 4,568 billion in chirografary credits and releases capture of R $ 200 million; adherence reached 57.49% of the credits subject. The post Justice homologates extrajudicial recovery of the GPA; actions raise 10% apareceu primeiro em Monitor do Mercado.
Decision gives effect to the GPA agreement with creditors that represent 57.49% of the liability and reorganizes R$ 4.568 billion in debits
Plan received membership from creditors that represent 57.49% of the credits and previews prolongation of the liabilities, new debentures and capture of R$ 200 million
The GPA (PCAR3), owner of the Sugar Bread flag, informed the market that the Judgment of the 3rd Court of Bankruptcy and Judicial Recovery of the Central Forum of the County of São Paulo approved the company's out-of-court recovery plan. The plan had been presented on May 5, 2026 and, according to the company, covers [...]
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