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New court decision opens path for sale of Vasco's SAF, but questions structure of the operation
oglobo26 August 2026 at 21:01
The 4th Business Court of Rio de Janeiro decided to publish a public notice for the sale of UPI Equity, the unit that holds the controlling stake in Vasco's SAF. Judge Victor Agustin Cunha Jaccoud Diz Torres opened a period for submission of proposals by potential interested parties, but has not yet authorized the sale or DIP financing. The magistrate required that the Judicial Administration, the watchdog, and the gatekeeper submit a joint statement on risks and alternatives by September 2, with the conclusion of the sale process scheduled no later than September 4, before the end of the transfer window. The decision comes amid a binding proposal presented by Almirante Participações.
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