logo
  

TRIUNFO: Company Seeks Judicial Recovery Of Firms Related To Viracopos

(Agencia CMA Latam) - Triunfo Participalles has filed a judicial recovery request for its subsidiaries Aeroportos Brasil, Aeroportos Brasil Viracopos and Viracopos Estacionamentos. All of those companies are part of the operation that manages the Viracopos airport.

During a judicial recovery, the company can negotiate with debtors on payments and corporate restructuring under the protection of the law.

The company said that the request aims to preserve assets, jobs and tax payments, besides balancing its finances.

Triunfo is already under extrajudicial recovery. In July 2017, the company requested the Brazilian government's permission to give up on the Viracopos airport concession - which is allowed by the Brazilian law.

Now, the firm complains that none of the proceedings to end the concession were adopted, and Triunfo says that it is suffering losses.

by Agencia CMA Latam

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT