Brazil Judge Grants Pimco-Backed Unigel Bankruptcy Protection

A Unigel green hydrogen plant in Brazil in 2022. 

Photographer: Unigel/PR Newswire

A Brazilian judge accepted a bankruptcy protection request from fertilizer maker Unigel Participacoes, which has been struggling for more than two years of trying to re-work its debt.

The request was approved by a Sao Paulo judge, Brazilian media reported on Friday. The company confirmed the information, declining to comment further.