BHIA3

Casas Bahia (BHIA3) fell more than 20% on the B3, dragging the Ibovespa down 0.8%. The drop came after reports that the retailer was hit with an eviction action over a multi-million-real rent default on warehouses. The crisis also weighs on real estate fund HSLG11, whose units dropped more than 4% after the landlord sought the eviction. Investors are reacting to the scale of the company's rental debt and the implications for its operations.