Sergio Rial
:quality(70):focal(1548x246:1558x256)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DXH5E2W2B5DM7P5X2D736B5LWQ.jpg "Americanas’ Largest Shareholders Say ‘We Were Never Aware’ of Anomalies")
Americanas’ Largest Shareholders Say ‘We Were Never Aware’ of Anomalies
Lemann, Telles, and Sicupira, the entrepreneurial trio who have controlled the Brazilian retail giant for 40 years, released a statement about the $4 billion accounting shortfall, and say they are sorry for investors and creditors
:quality(70):focal(2933x203:2943x213)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JSN7PA27OBBRXIWNBSBJR3JNNM.jpg "Principales accionistas de Americanas hablan por primera vez: ‘no lo sabíamos’")
Principales accionistas de Americanas hablan por primera vez: ‘no lo sabíamos’
Lemann, Telles y Sicupira, accionistas de la empresa hace 40 años, se expresaron en una nota y dicen que lamentan las pérdidas para inversionistas y acreedores
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YNB54BCOE5DEPGWSFXY2OVR66U.jpg "Investors to Probe Alleged Insider Trading, Fraud at Brazilian Retailer Americanas")
Investors to Probe Alleged Insider Trading, Fraud at Brazilian Retailer Americanas
Investors will ask the Federal Public Prosecutor’s Office to investigate alleged insider trading, accounting fraud and the sale of the retailer’s shares
Americanas: directores y controladores en la mira de los inversores minoritarios
Solicitarán que el Ministerio Público Federal de Brasil investigue supuestas prácticas de insider trading, estafa contable y venta de acciones sin valor
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/KT3NDBYHI7FH4LOOLWEXYTUMDI.jpg "Brazilian Court Denies BTG’s Request to Overturn Suspension of Americanas’ Debt Payments")
Brazilian Court Denies BTG’s Request to Overturn Suspension of Americanas’ Debt Payments
In a decision on the injunction, the court has ruled that if the case were urgent, the bank would have sought to execute its credits before the 20-billion-reais loss was made public
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7FIGBTPKCBHHVKP4BZ673EVOWY.jpg "Americanas’ Rial Explains How He Discovered ‘Failures’ of $4 Billion in 9 Days as CEO")
Americanas’ Rial Explains How He Discovered ‘Failures’ of $4 Billion in 9 Days as CEO
The Brazilian retailer will have to undergo external audits, revise balance sheets and carry out capitalization with the participation of the main shareholders, according to the exec