By Brazil Stock Guide – Americanas (ticker: AMER3) has confirmed an R$ 54.7 million capital injection into Uni.Co, the parent company of brands including Imaginarium, MinD, Puket and Lovebrand. The move, executed through shareholder subscription rights, aims to bolster liquidity and support Uni.Co’s operations in the ordinary course of business.
The funding decision was approved at a board meeting and formalized in a minutes filing published Thursday evening with Brazil’s Securities and Exchange Commission (CVM). The capital infusion reflects Americanas’ commitment to underpinning Uni.Co’s operations while positioning itself for potential strategic realignments.
A related corporate maneuver was also endorsed: the creation of a fully owned subsidiary housed within Americanas to absorb the assets of Hortifruti Natural da Terra (HNT). This structural shift may foreshadow a sale of HNT, consistent with terms of Americanas’ judicial reorganization plan.
Financially, Uni.Co posted a 9.2% year-on-year increase in net revenue to R$ 95 million in the first half of 2025, though its full-year 2024 net revenue declined 1.3% to R$ 236 million. Equity-method investment balances attributable to Uni.Co and Americanas Local dropped from R$ 181 million to R$ 176 million during the same period.
Consequently, Americanas’ “equity investments” line item, which includes holdings in subsidiaries and affiliates such as Uni.Co, contracted 6.7%—from R$ 623 million at year-end 2024 to R$ 581 million as of June 2025. The board’s finance committee and CFO backed the capitalization plan, citing its urgency in stabilizing Uni.Co’s finances and enabling future divestiture activity.
In its quarterly notes, Americanas emphasized that it may initiate structured disposal processes for both its stake in the Uni.Co group and HNT, to alleviate debt obligations as outlined in its reorganization blueprint.
Source: Valor Econômico
Leave a Reply