Via Retail attracts little demand in market debut of ' rotten ' credit

The debut of the Retail loan market Via losers and defaulted, the so-called rotten credits, not cheered investors in this sector. The proposals were sent this week and some players preferred not to participate in consolidated. One of them justifies the propitious moment to buy a retail portfolio of more than R $2 billion amid the current financial situation of individuals, with a high level of unemployment in Brazil. In addition, experts of this thread say the debt recovery in the retail industry is low, lower than the banks. The process of Via Retail is being advised by PWC consulting and was baptized with the codename "future project". The hammer in relation to the buyer's name, which can be between the Recovery of Itaú Unibanco, the Ipanema, which now has the Santander as a partner, or any Rookie, will be given before Christmas.
Why?
The demand of Retail investors who buy Via credits dirt is one of many actions the company has taken over at a time of accelerated implementation of new strategies. Outside of the financial universe, the company makes efforts to unify the operations of sale online and physical store while invests in a new store format to gain speed in the expansion. Sought, Via retail, Recovery and Santander have yet to comment.
Besides the Via retail, Bradesco is also moving the rotten credit market in December. The Bank is selling more R $6 billion, in a process assisted by Ernst & Young. Considered a candidate already established in the credit market, would have attracted players like RCB Investments, which has partnered with global for Group, Recovery, Itaú Unibanco, the assets, the Bank of Brazil, and the rookie Megaware. With this round, the Bradesco can reach the mark of R $15 billion in portfolios sold since accessing this market, at the end of 2016. (With Chandu Shah)