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

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BTG Pactual bank headquarters is pictured in Sao Paulo

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 illegally the reversal of a payment made by Americanas to BTG.

Americanas said it expects the court injunction to be maintained so the company can proceed with negotiations with creditors.

BTG did not immediately respond to requests for comment.

(Reporting by Tatiana Bautzer; Editing by Steven Grattan and Diane Craft)

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