The board of directors of Ambipar (AMBP3) approved, this Friday, the 19th, the terms and conditions of the Ambipar Group’s judicial recovery plan. The proposal was filed in the process being processed in the 3rd Business Court of the District of the Capital of the State of Rio de Janeiro.
The plan covers Ambipar and its affiliates, including Environmental ESG, and establishes the main measures aimed at overcoming the group’s current economic and financial situation.
According to the companies, the judicial recovery plan was structured together with financial and legal advisors, with a focus on preserving business activity and fulfilling the company’s social function.
The objectives include maintaining normal operations, continuing to provide services to customers and partners and preserving jobs.
Until it is submitted to the general meeting of creditors, the plan may undergo adjustments as a result of negotiations with the stakeholders (interest groups) involved, stated Ambipar, through a relevant fact released this Friday evening, the 19th.
In its request for recovery, Ambipar, accepted on October 30 by judge Caroline Fonseca, of the 3rd Business Court of Rio de Janeiro, reported that its debts total R$10.48 billion.
