InterCement Brasil Files for Judicial Recovery

Company, together with its indirect controlling companies, InterCement Participacoes and Mover Participacoes, filed a request for judicial recovery with the 1st Bankruptcy and Judicial Recovery Court of the District of the Capital of the State of Sao Paulo , InterCement Brasil said in filing.

• Company and other companies in its economic group have been making efforts to restructure and settle their financial obligations: filing
  • Precautionary measures were initiated in support of the collective mediation procedure with the main financial creditors and the extrajudicial recovery process
• “Despite the efforts made, the continuation of negotiations regarding the settlement of debt and the ...