Intercement says that the Court approved the request for judicial recovery

The São Paulo Court approved the company and its indirect controlling companies, Intercement Participações and Mover Participações, the cement manufacturer said this Thursday.

The court decision determines the appointment of a judicial administrator, the suspension of all actions and executions against the Intercement group and gives a period of 60 days to present the company’s judicial recovery plan, according to a relevant fact Intercement disclosed to the market.