Grupo Fictor Files for Judicial Recovery Excluding Agricultural Businesses
Grupo Fictor files for judicial recovery with debts of R$ 4.2 billion, excluding its agricultural businesses that continue operations independently.
- • Grupo Fictor filed for judicial recovery excluding its agricultural businesses including Fictor Alimentos.
- • The judicial recovery involves debts totaling approximately R$ 4.2 billion due to liquidity crisis after Banco Master's liquidation.
- • Fictor Alimentos generates 70% of the group's revenue with R$ 3.5 billion turnover in 2024 and maintains around 13,500 jobs.
- • The group's diversified nature spans tech, finance, agro, and sports sponsorships despite current financial restructuring.
Key details
Grupo Fictor, a diversified Brazilian conglomerate, has filed for judicial recovery in São Paulo amid a liquidity crisis triggered by the Central Bank's liquidation of Banco Master. The request, involving debts of approximately R$ 4.2 billion, affects only Fictor Holding and Fictor Invest, sparing the group’s agricultural businesses, including Fictor Alimentos, which remain operational and independent of the filing.
Fictor Alimentos, the group's main subsidiary, contributes about 70% of the group’s revenue, with a turnover of R$ 3.5 billion in 2024, and maintains roughly 3,500 direct and 10,000 indirect jobs. The company continues its activities, contracts, and projects normally, focusing on acquisitions in the animal protein sector. Despite rumors about selling grain storage assets, the company has denied such claims.
Founded in 2007 as a tech startup by Rafael Góis, Grupo Fictor expanded into finance in 2013 and agriculture in 2018, acquiring multiple companies across agro, financial, and infrastructure sectors. Prior to the filing, the group faced challenges including a cyberattack on its fintech FictorPay, resulting in a R$ 26 million theft, and a judicial block of R$ 150 million as a guarantee for credit card operations.
The judicial recovery seeks to restructure debts while preserving employment and operations within the excluded subsidiaries. The group's diversified approach, which includes sponsorship agreements such as a R$ 30 million annual deal with Palmeiras football club, underscores its broad market involvement despite financial pressures.
This article was translated and synthesized from Brazilian sources, providing English-speaking readers with local perspectives.
Source articles (2)
Source comparison
Amount of debts
Sources report different amounts of debts for Grupo Fictor
oglobo.globo.com
"the group had acquired ten companies across agro, finance, and infrastructure sectors, but recently filed for judicial recovery in São Paulo due to R$ 4 billion in debts."
agfeed.com.br
"the conglomerate is seeking legal protection due to debts amounting to R$ 4.2 billion with creditors and investors."
Why this matters: One source states Grupo Fictor has R$ 4 billion in debts, while the other claims the amount is R$ 4.2 billion. This discrepancy is significant as it affects the understanding of the company's financial situation and the severity of its crisis.
Revenue of Fictor Alimentos
Sources report different revenue figures for Fictor Alimentos
oglobo.globo.com
"Fictor's expansion was bolstered by profits from commodity trading."
agfeed.com.br
"Fictor Alimentos S.A., the group's main subsidiary, generates approximately 70% of the group's revenue, with a declared turnover of R$ 3.5 billion in 2024."
Why this matters: One source mentions that Fictor Alimentos generates approximately 70% of the group's revenue with a turnover of R$ 3.5 billion in 2024, while the other source does not provide this specific revenue figure. This difference is important as it highlights the financial health of a key subsidiary.