The Constellation, company of the Queiroz Galvão group, last Thursday, December 6, requested a judicial recovery at the Court of Justice of Rio de Janeiro as an attempt to negotiate its debt with creditors that revolves around R $5.7 billion.
The petition includes 18 companies belonging to Queiroz Galvão, and this was one of the reasons that encouraged the recovery request. To achieve approval of the judicial recovery The Constellation needs the support of most of its creditors.
The company has already managed to grant 48.3% of the creditors with real guarantees and the remainder still without real guarantee.
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