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5.4
Rio Mais, Olympic Park concessionaire, enters judicial recovery with R$7.5bn debt
Valor Econômico·BR·about 20 hours ago
Brazil's Superior Tribunal de Justiça extended the stay period protecting Ambipar from debt enforcement while keeping the creditors' assembly suspended, following a prior ruling by Minister Raul Araújo. The decision preserves the status quo in Ambipar's judicial recovery, delaying resolution of its recovery plan and adding uncertainty for creditors and investors.