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247 – The lawyer Fabio Carvalho, who bought Editora Abril at the symbolic price of R $ 100,000, is preparing to negotiate with the creditors of the drafting group, in receivership since the month of August . According to the proposal presented, the businessman will badume a debt of 1.6 billion Rands left by the Civita family and the badembly which will badyze the restructuring plan of the company should take place between January and next February.
a portion of the debt, worth R $ 1.1 billion, is close to the banking sector; it is proposed that Enforce, responsible for the credit management of the bank BTG Pactual, incorporates bank debts with discounts of up to 90%
If the transaction is approved by the Administrative Council of Economic Defense (Cade), Carvalho will become the executive chairman of Abril and is expected to make a contribution, with its own resources, in the order of R $ 70 million.
The acquisition of Abril Group marks the departure of the Civita family after more than 60 years of activity in the publishing market. The group's financial difficulties began in the 1990s, when it attempted to conquer the cable television market. In the 2000s, the group sold DirectTV to Sky and was forced to sell TVA to Vivo shortly thereafter.
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