Mitsui-backed Brazilian metropolitan rail co Supervia files for bankruptcy protection

West Japan Railway

08/06/2021 14:13

RIO DE JANEIRO, June 8 (Reuters) - Brazilian metropolitan
rail company Supervia filed for bankruptcy protection on Monday,
the company said, as traffic was sharply hit by the COVID-19
pandemic.
    The company, controlled by a Japanese group that includes a
subsidiary of Mitsui & Co  8031.T  and West Japan Railway Co
 9021.T , will restructure 1.2 billion reais ($237.4 million) in
debt. 
    Before the pandemic, Supervia, which operates in Rio de
Janeiro metropolitan area, had around 600,000 passengers a day
but now the number has dropped to 300,000.
    The company said in a statemen it will try to revise terms
of the contract with the government. 

($1 = 5.0540 reais)

 (Reporting by Rodrigo Viga Gaier in Rio de Janeiro, Writing by
Tatiana Bautzer, Editing by Angus MacSwan)
 ((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob:
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