Radar > 223235

Alvarez & Marsal leads bankruptcy process of Banco BVA and plans asset sale

A consultora Alvarez & Marsal pretende vender ativos do Banco BVA

Intel ID : 223235
Synopsis

Consultancy firm Alvarez & Marsal, which is leading Banco BVA's bankruptcy process, plans to sell the bank's assets to satisfy creditors and pay debt that was contracted this year.

According to bankruptcy administrator, Eduardo Seixas, the plan is to raise funds and bankruptcy process by mid-2016.
(content in portuguese)

Devido ao processo de falência pelo qual está passando o Banco BVA, a consultora Alvarez & Marsal que foi assinada para estar à frente do processo divulgou que planeja vender os ativos da entidade financeira para poder satisfazer aos credores e começar a pagar as dívidas que tem contraídas desde o presente ano, 2015.

Segundo o administrador judicial da falência do BVA, Eduardo Seixas o plano é arrecadar recursos com a venda dos ativos para encerrar a falência a meados de 2016.

Bidder

Banco BVA
Brazil

Advisors

retained

Intel ID 223235
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

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Description

Financial Advisory

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