April 24, 2020 |
Brazilian travel company CVC said on Thursday that it hired Itaú BBA to evaluate a "possible capitalization" ahead of an expected return in demand as authorities lift travel restrictions in the coming months.
"It is worth emphasizing that the capitalization is still under analysis and remains subject to market conditions, as well as to the applicable corporate approvals," CVC said in a securities filing.
CVC is among the Brazilian companies to be heavily impacted by the coronavirus pandemic and
Brazilian travel company says it is preparing for a return of demand in the coming months