Samarco’s Creditors Reject Company’s Restructuring Plan (1)

(Updates with deadline approval in the second item and context in the third)

• Creditors of Samarco Mineração SA, an iron ore producer jointly owned by Vale SA and Grupo BHP, rejected the company’s restructuring plan at a meeting of creditors held on Monday.
• Creditors approved a 30-day period to present an alternative plan to restructure the company’s 50.5 billion reais debt.
• Samarco has been in judicial recovery since April 2021 and the vote on the plan had already been postponed twice

Original Story:

Credores da Samarco rejeitam plano de reestruturação da cia (1)

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