Ambipar requested judicial recovery following potential irregularities in swap operations by the financial board and the sudden departure of the former CFO. The decision was urgently made due to the lack of funds and the risk of rapidly paying off billions in debts. The request includes other group companies like Environmental ESG Participações. In the US, Ambipar Emergency Response also filed for Chapter 11 bankruptcy, equivalent to judicial recovery. The measures were taken after suspicions of irregularities in financial operations conducted by the former financial board, revealed after the former CFO João de Arruda’s sudden departure.
Ambipar Files for Judicial Recovery in Brazil and the US
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