News

Independência’s judicial recovery approved

14/05/2009

The request for judicial recovery made by Frigorífico Independência has been approved by a court in the state of Sao Paulo. The ruling means that the packer and tanning company has 60 days to produce a judicial recovery plan to its creditors, to whom it owes US$1.6 billion. The company has requested the support of cattle breeders for 60 days to...

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