PDG may file for bankruptcy protection
PDG pode entrar com pedido de recuperação judicial
Intel ID : 243635
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PDG, a Brazil-based construction company may file for bankruptcy protection in January 2017, reported Estadão on 22 December 2016, citing sources familiar with the matter. According to the news, PDG has a total debt estimated at BRL 7.5bn. The company has informed the market that it will not pay interest on issued debentures. From January to September, the construction company had a loss of BRL 2.89bn, up 259% over the same period last year. PDG ended 3Q16 with BRL 250m in cash and BRL 490m of corporate debt maturing in 2017.
(content in portuguese)
A incorporadora PDG pode entrar com pedido de recuperação judicial em janeiro de 2017, de acordo com publicação do Estadão em 22 de dezembro de 2016, que cita fontes familiares com o assunto. Segundo a notícia, a PDG tem dívida total estimada em BRL 7,5bi. A necessidade do pedido de proteção da Justiça contra credores ficou mais evidente depois de a empresa informar ao mercado que não vai pagar juros relativos a debêntures emitidas. De janeiro a setembro, a construtora teve prejuízo de BRL 2,89bi, alta de 259% em relação ao mesmo período do ano anterior. A PDG encerrou o terceiro trimestre com BRL 250m em caixa e BRL 490m de dívidas corporativas que vencem em 2017. |
| Intel ID | 243635 | ||
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25.03.01 Real Estate Development & Operating Companies 25 Financial Services / 25.03 Real Estate |
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25.03.03 Real Estate Services 25 Financial Services / 25.03 Real Estate |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.