Court approves judicial recovery plan for Grupo Petrópolis, owner of Itaipava and Petra beers

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The plan provides for the debt to be staggered over different periods, depending on the type of credit. Grupo Petrópolis owns the brands Itaipava, Crystal and Petra, among others Disclosure The Rio de Janeiro Court approved this Tuesday (24) the judicial recovery plan of Grupo Petrópolis, owner of beer brands such as Itaipava and Petra, informed the company in a press release. The group’s recovery plan provides for the debt to be staggered over different periods, depending on the type of credit. The judicial recovery process was requested in March this year, with an initial estimate of debts of R$4.2 billion. Recently, however, the account was redone and reached R$5.6 billion, according to sources with knowledge of the matter. Founded in the city of Petrópolis, in the mountainous region of Rio de Janeiro, the group presents itself as the largest company with 100% national capital in the sector, with eight factories in the country, in addition to distribution centers. The company also owns Crystal beer and TNT energy drink, among other brands. “With the approval of the recovery plan by the Court, the Petrópolis Group gains the ability to resume investments in its factories throughout Brazil, increasing production”, stated the company in a press release.

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