Feb 19 • 20:21 UTC 🇪🇨 Ecuador El Universo (ES)

Superintendence of Companies intervenes Granasa S.A., publisher of the newspapers Expreso and Extra

The Superintendence of Companies in Ecuador has intervened Granasa S.A., publisher of multiple newspapers, to address detected irregularities and safeguard stakeholder interests.

The Superintendence of Companies, Securities, and Insurance in Ecuador has taken intervention measures against Granasa S.A., the publisher of the newspapers Expreso and Extra. This decision aims to oversee the company’s economic and financial situation and rectify detected irregularities to protect the interests of its partners and third parties. The resolution, numbered SCVS-INC-DNASD-2026-00473 and dated February 18, 2026, cites various legal grounds under the Companies Law. To facilitate oversight, the Superintendence has appointed Elizabeth del Pilar Jiménez Franco as the company's intervenor. She is tasked with exercising the powers outlined in current regulations and will report monthly to the regulatory entity on the activities undertaken and actions by the company's management to resolve the issues prompting the intervention. This oversight process aims to ensure accountability and address the financial challenges facing Granasa S.A. The intervention is significant as it underscores the regulatory authority’s commitment to upholding corporate governance and transparency within Ecuador’s media industry, particularly at a time when the integrity of financial practices in media companies is under scrutiny. The implications for Granasa S.A. could be substantial, potentially affecting its operational capabilities and the ongoing viability of its newspaper publications.

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