The São Paulo Court approved a request for judicial recovery from InterCement Brasil and its indirect controllers, InterCement Participações and Mover Participações, the cement manufacturer said this Thursday (5).
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The court decision determines the appointment of a judicial administrator, the suspension of all actions and executions against the InterCement group and gives a period of 60 days to present the company’s judicial recovery plan, according to a relevant fact Intercement disclosed to the market.
