Algarve-based retail group Alicoop, which went into bankruptcy a year ago with debts of around 80 million Euros, could be saved by its main bank creditors.
A recovery plan for the company, if approved, would save more than 1,000 jobs.
BCP bank, the main creditor of Alicoop, BPI and Caixa Agrícola banks have already voted in favour of the recovery plan, which has also been approved by Alicoop workers and small suppliers.
A final decision is expected in the near future.
