Ecman Construction Requests Bankruptcy for Raízen, While the Energy Company Refutes the Request, Claiming It Is "Manifestly Unfounded"

Ecman Construction Requests Bankruptcy for Raízen, While the Energy Company Refutes the Request, Claiming It Is “Manifestly Unfounded”

Written by Ruth Rodrigues

Published on 24/01/2023 at 16:03

Updated on 24/01/2023 at 21:08

Fonte: Exame

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Raízen Energy Confirms It Has Service Contracts With Construction Company Ecman, But Explains That They Were Revoked, Claiming That The Bankruptcy Request Is Unfounded.

Through a statement issued last Friday (01/13), via the Securities and Exchange Commission, Raízen (RAIZ4) responded to questions raised by B3. The arrangement referred to a bankruptcy request from Raízen Energy, filed by the construction company Ecman. However, the Brazilian company in the energy sector denies that such a request is invalid.

Due to Contracts Without Compensation, Construction Company Ecman Requests Bankruptcy of Raízen Energy, But The Company Declares That It Was Not Judicially Notified

According to the document signed by Carlos Alberto Bezerra de Moura, Chief Financial Officer and Investor Relations Director of Raízen, the company had not been judicially informed about the events.

However, it was confirmed that Raízen Energy had service contracts with construction company Ecman, which were revoked on November 30. According to Carlos Alberto, the reason for the contract cancellations was the construction company’s defaults.

ARTICLE CONTINUES BELOW

The Energy Company Rebuts Bankruptcy Request Through Statement

Raízen adds that a preliminary decision has already been made against Ecman.

The statement presents two factors: “i) Stay and suspension of all effects of the protests filed against Raízen Energy by Ecman (approximately R$25 million); ii) Ecman should refrain from protesting titles related to the contracts made between the parties, under penalty of a fine, as the Court understood that there are indications of issuing invoices without backing of service provision.”

The company reiterates that the bankruptcy request is “clearly unfounded” and explains that the amount in dispute does not impact its business, considering the total assets of Raízen Energy.

Ecman Construction Requests Bankruptcy for Raízen, While the Energy Company Refutes the Request, Claiming It Is “Manifestly Unfounded”

Raízen Energy Confirms It Has Service Contracts With Construction Company Ecman, But Explains That They Were Revoked, Claiming That The Bankruptcy Request Is Unfounded.

Due to Contracts Without Compensation, Construction Company Ecman Requests Bankruptcy of Raízen Energy, But The Company Declares That It Was Not Judicially Notified

The Energy Company Rebuts Bankruptcy Request Through Statement

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Ecman Construction Requests Bankruptcy for Raízen, While the Energy Company Refutes the Request, Claiming It Is “Manifestly Unfounded”

Raízen Energy Confirms It Has Service Contracts With Construction Company Ecman, But Explains That They Were Revoked, Claiming That The Bankruptcy Request Is Unfounded.

Due to Contracts Without Compensation, Construction Company Ecman Requests Bankruptcy of Raízen Energy, But The Company Declares That It Was Not Judicially Notified

The Energy Company Rebuts Bankruptcy Request Through Statement

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