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Ambev, Vivo and Pão de Açúcar: Find out who the 10 largest debtors in the states are, according to Fenafisco

Ambev, Vivo and Pão de Açúcar: Find out who the 10 largest debtors in the states are, according to Fenafisco

The amount owed by companies to the states is equivalent to 13.2% of the Brazilian GDP



247, with BBC News Brasil – Corporate debt in Brazilian states totaled R$896.2 billion in 2019, according to an unprecedented study by Fenafisco (National Federation of State and Provincial Taxation), a union representing public tax officials.

Between 2015 and 2019, this amount of debt grew 31.4%. The amount owed by companies to states is equivalent to 13.2% of Brazil’s gross domestic product (GDP), according to the survey.

See the list of the ten largest debtors of the Brazilian states:

  1. Manguinhos Oil Refinery (7.7 billion Rls)
  2. Ambif (6.3 billion Brazilian reais)
  3. Telefônica – Vivo (4.9 billion BRL)
  4. Sagra Pharmaceutical Products (4.1 billion Rls)
  5. Shelf life of commercial medicines (RMB 3.9 billion)
  6. Tim Cellular (3.5 billion BRL)
  7. Serpa Cervajaria Paraías (3.3 billion BRL)
  8. Companhia Brasileira de Distribuição (3.1 billion BRL)
  9. Atos Pharma Sudist (2.9 billion Rls)
  10. Vale (R$ 2.8 billion)

Read the full text in English BBC News Brazil.

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