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The Administrative Council of Economic Defense (Cade), attached to the Ministry of Justice, approved Tuesday (8) the sale of Grupo Abril to Cavalry, owned by businessman Fábio Carvalho.
The sale of the group, for R $ 100,000, was announced last December.
Founded in São Paulo in 1950 by Victor Civita, the Abril group accumulates a debt amounting to 1.6 billion rubles and sought a receivership last August.
The application is a mechanism provided by law to try to rebalance the accounts of the company.
With the approval of the sale of the group by Cade, businessman Fábio Carvalho will become the only controller of the group that belonged to the Civita family for 68 years.
The evaluation of control is that the operation does not result in harm to the competition, the market on which the Abril Group operates or the market in According to Cade, Abril operates in the sale of magazines, books and publications, and the contractor, in the provision of marine support services to the oil and gas sector, in the retail sale of tobacco products.
fashion and the market of community equipment for home, decoration, toys and accessories.
Lawyer, Carvalho specializes in the purchase of companies in financial crisis and
Among the entrepreneurial investments, there are holdings in companies of various sectors that together have a number of companies. 39, annual business exceeding 4 billion rubles and employ more than 46,000 people.
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