Colombia's Superintendencia de Sociedades approved the reorganization agreement for Franquicias y Concesiones, known as Presto. Backed by 81.39% of qualified and graduated creditors, the plan restructures $31 billion in liabilities over six years. It aims to preserve 694 jobs and 180 sales points.
Colombia's Superintendencia de Sociedades confirmed the reorganization agreement for Franquicias y Concesiones, market-known as Presto, after verifying compliance with Law 1116 of 2006. The decision came in a public hearing on April 30, 2026, following approval from 81.39% of qualified and graduated creditors.
The plan sets a six-year payment schedule to address $31 billion in liabilities. It features capital write-offs of $19 billion with fifth-class creditors and $211 million with second-class secured creditors, aimed at stabilizing the company's financial structure.
The reorganization will preserve 694 direct jobs and ensure continuity of 180 nationwide sales points in the food market. Acting superintendent Nini Johanna Castañeda stated: "this type of agreements reflect the creditors' confidence in business recovery and show that insolvency mechanisms allow building sustainable solutions among the parties".
The superintendency will oversee compliance to guarantee transparency and adherence to current regulations.
