Brazils BTG Pactual appeals decision protecting billionaire-backed Americanas from creditors

Brazil's BTG Pactual appeals decision protecting billionaire-backed Americanas from creditors

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.

(Reporting by Tatiana Bautzer; Editing by Steven Grattan)

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