Americanas shares fall 75% and are traded at R$3 after a record breach the day before

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At auction, after a record breach the day before, Americanas shares fell 75% this morning (12), trading at R$3.

Americanas announced yesterday that inconsistencies were detected in accounting entries estimated at BRL 20 billion, in a preliminary analysis, with the base date of September 30, 2022.

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In light of this, CEO Sergio Rial and Investor Relations Officer André Covre, who took office on January 2 of this year, announced their decision not to remain with the company, with immediate effect.

According to Einar Rivero, from TradeMap, the volume of the BRL 20 billion shortfall foreseen in Americanas’ balance sheet is equivalent to the market value of Magazine Luiza, which yesterday, January 11, was worth BRL 20.20 billion, or of Lojas Renner, which was worth BRL 20.22 billion.

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Source: CNN Brasil

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