Fictor Alimentos S.A., a food company listed on the B3 stock exchange under the trading code FICT3, announced that it has sought inclusion in the judicial recovery process of its controlling holding company. This request comes shortly after the holding company had previously negotiated the purchase of the now-liquidated Banco Master, with the application filed in the 3rd Bankruptcy and Judicial Recovery Court of São Paulo. Fictor's move extends the initial request made by the group in February, indicating a worsening of its financial situation.

The company outlined that the decision to join the judicial recovery was significantly prompted by the negative impacts on the business environment that arose following the public announcement of the holding company's recovery proceedings. The need for judicial recovery, which allows companies to reorganize their debts and suspend collections temporarily to avoid bankruptcy, highlights the financial challenges facing the Fictor Group. This request illustrates a broader trend in the Brazilian market where companies, facing liquidity issues, often resort to judicial protection to stabilize operations.

As part of the judicial recovery, Fictor Alimentos aims to mitigate its financial burdens and create a less hostile business environment. The overall implications could affect its suppliers, employees, and creditors as the company works through the legal process to ensure continuity in its operations. The situation reflects ongoing economic pressures in Brazil that have led several firms to reassess their financial strategies to survive in a challenging market landscape.