Key day approaches for the survival of Presto and Oma: they seek to validate debt restructuring for COP 200 billion

TL;DR

A critical hearing on April 20th will decide the fate of the reorganization agreements for companies operating the Oma and Presto brands.
The process involves over $200 billion in liabilities, with Restcafé S.A.S. reorganizing $114 billion and Franquicias y Concesiones S.A.S. reorganizing $104 billion.
The agreements received significant support from creditors, with 82% for Franquicias y Concesiones S.A.S. and 76% for Restcafé S.A.S.
The Superintendency of Societies is overseeing the process to ensure legal compliance and protect creditors and employees.
Confirmation of the agreements would allow the companies to continue operating and avoid liquidation.

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