Fictor Alimentos creditors to vote on reorganisation

Creditors of Fasa, formerly known as Fictor, will vote on its judicial recovery plan during a meeting scheduled for 6 October at 14:00. The schedule was published by the 3rd Bankruptcy and Judicial Recovery Court of the Central Civil Court of São Paulo.

The judicial recovery process brings together 18 group companies. The entities include Fictor Alimentos, Fredini Alimentos, Dr. Foods Alimentos, Fictor Holding, Fictor Invest, Fictor Asset, Fictor Securitizadora, Fictor Agro Comércio de Grãos and Fictor Infra Energia.

The meeting will take place virtually. To establish a quorum at the first call, creditors holding more than half of the total debt value in each credit class must attend. If that threshold is not reached, a second meeting is scheduled for 14 October at 14:00, which can proceed with any number of creditors present.

Creditors can approve, reject or propose changes to the reorganisation plan during the session. The agenda also includes the potential installation and election of a Creditors' Committee, along with discussions on other matters tied to the recovery process.