May 9, 2011
Independencia says it will be accepting bids for various company assets thr
Independencia says it will be accepting bids for various company assets through July 12. The Brazilian meatpacking company ceased operations in October and has been operating under bankruptcy. It had been seeking to convert $800m in debt into new equity in order to restart operations. An official at New York-based boutique BITG, which has been advising Independencia, did not respond to requests for comment. Barclay’s has said the company is likely to be liquidated.