Brazil's Americanas reports 7,720 creditors, $8 bln in debt (updated)

Banco Santander Brasil SA

25/01/2023 12:18

(Adds context, BlackRock reducing stake in the firm)
       SAO PAULO, Jan 25 (Reuters) - Brazilian retailer
Americanas SA  AMER3.SA  reported on Wednesday a list of 7,720
creditors with debt totaling 41.2 billion reais ($8.02 billion)
within its restructuring process, a Rio de Janeiro court said.
    Americanas, backed by the billionaire trio that founded 3G
Capital, entered bankruptcy protection last week after
disclosing "inconsistencies" in its accounting.
    The court did not disclose a detailed list of the retailer's
creditors, but analysts had previously said lender such as BTG
Pactual  BPAC3.SA , Bradesco  BBDC4.SA  and Santander Brasil
 SANB3.SA  were among the most exposed.
    At the same time, Americanas said in a securities filing
that U.S. investment management company BlackRock Inc  BLK.N 
had severely reduced its position in the firm following the
accounting scandal.
        Data published on Americanas' website showed that in
December 2022 BlackRock owned more than 45.5 million common
shares in the firm, a stake of roughly 5.05%.
  
        Now, the retailer said BlackRock had cut its position to
1,038,566 common shares, or about 0.12% of the total, plus some
derivative instruments accounting for 0.36% of its total common
shares.
  
($1 = 5.1392 reais)
 (Reporting by Gabriel Araujo, Editing by Louise Heavens)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))