Bradesco wants Americanas to ask for a guarantee before taking money from the bank

Bradesco said this Wednesday (18) that it asked the Justice of Rio de Janeiro to only allow Americanas to withdraw funds from the bank with prior approval.

Earlier, the newspaper O Estado de S. Paulo published that Bradesco’s petition to the Justice of Rio de Janeiro states that Americanas “may come to file for judicial recovery” and that, therefore, the bank’s request is necessary.

A decision by the Justice of Rio de Janeiro last week that protected the company against creditors for 30 days was reviewed in part in favor of BTG Pactual this Wednesday. The debt charged by the retailer’s bank is R$ 1.2 billion.

Earlier, BTG obtained a writ of mandamus to keep R$ 1.2 billion blocked in Americanas’ bank account. In response, the retailer said, in a note, that “the unilateral attitude of compensation of creditors against the company’s cash harms its viability”.

In the same text, the company states that Bradesco would have withheld more than R$450 million from cash, “acting in disagreement with the decision of the injunctive relief”.