Magazine Luiza purchases Estante Virtual for R$ 31 million

In an interview with Valor Econômico, Fabiana Solano discussed the purchase of Estante Virtual by Magazine Luiza. Our specialist in Judicial Recovery assessed that the asset sale was conducted according to provisions of the plan for judicial recovery of Livraria Cultura approved by creditors and ratified by the Courts in September 2019, with the objective of injecting new resources to guarantee the company’s recovery.

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