|Bid||2.6100 x 306100|
|Ask||2.6900 x 3000|
|Day's range||2.5801 - 2.6500|
|52-week range||2.5000 - 4.7400|
|Beta (5Y monthly)||0.59|
|PE ratio (TTM)||5.82|
|Forward dividend & yield||0.19 (7.14%)|
|Ex-dividend date||02 Feb 2023|
|1y target est||4.17|
(Bloomberg) -- Top Brazilian banks that are creditors of distressed retailer Americanas SA plan to go after personal assets of billionaires who are the firm’s biggest shareholders: Jorge Paulo Lemann, Marcel Telles and Carlos Sicupira.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionHong Kong to Give Away 500,000 Air Tickets to Revive TourismAdani’s $108 Billion Crisis Shakes Investors’ Faith in IndiaAdani’s $58
Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual, Bradesco,Santander Brasil, Itaú Unibanco Holding and Banco do Brasil have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank.
A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt retailer Americanas SA sent and received over the last 10 years, according to documents seen by Reuters. Judge Andrea Palma of federal court in Sao Paulo earlier this week agreed with a request from Americanas creditor Banco Bradesco SA asking for the seizure of the emails, citing its belief that "directors, board members, shareholders and auditors allowed a giant accounting fraud to happen."