Brazil’s BTG Pactual appeals decision protecting billionaire-backed Americanas from creditors By Reuters

© Reuters. FILE PHOTO: BTG Pactual bank headquarters is pictured in Sao Paulo, Brazil October 3, 2019. REUTERS/Amanda Perobelli

By Tatiana Bautzer

SAO PAULO (Reuters) – Brazilian bank Banco BTG Pactual SA has appealed a court injunction that protected billionaire-backed retailer Americanas from creditors on Friday, documents seen by Reuters show.

In an appeal filed on Saturday, BTG lawyers argue the court injunction orders illegaly the reversal of a payment made by Americanas to BTG.

Americanas and BTG did not immediately respond to requests for comment.

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