Brazil Prosecutors Oppose Court Approval of Retailer GPA’s Debt Recovery Plan

BRAZIL · COMPANIES Key Facts —What happened: São Paulo state prosecutors asked a court not to approve GPA’s R$4.5 billion (US$873 million) debt plan. —The objection: Prosecutors say the plan lumps very different creditors together, violating equality and good-faith principles. —Who is exposed: Small investors and dissenting minority creditors risk being locked into terms designed…