Top Bank Creditor Uses Americanas Legal Playbook Against Ambipar

Vehicles parked at the Ambipar operational complex in Nova Odessa, Sao Paulo state, Brazil, on Oct. 21, 2025.
Photographer: Victor Moriyama/Bloomberg

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By Matheus Piovesana, Giovanna Bellotti Azevedo, and Rachel Gamarski

October 24, 2025 at 7:50 PM UTC

Leia em português

One of Ambipar Participacoes e Empreendimentos SA’s top bank creditors is turning to a legal tactic similar to what it used when Brazil’s iconic retailer Americanas SA went bust: reaching into individuals’ pockets to recoup what it’s owed.