Assaí’s Stock Surges as R$1.3 Billion Asset Freeze Lifted

Assaí, a major player in Brazil’s cash and carry retail market, has seen its fortunes change dramatically. The company recently announced that the Brazilian Federal Revenue Service accepted its appeal. This decision led to the cancellation of a R$1.3 billion ($232 million) asset freeze. The news, released after market close on October 11, 2024, sent […]