07 Oct 2025 | 5 Mins Read
Brazil Seizes Ambipar Chief's Stake in Utility Deal
Flipitmoney
Tércio Borlenghi Junior and Nelson Tanure lost collateral over debt when creditors seized their shares in Empresa Metropolitana de Águas e Energia SA (Emae) as payment. The shares were pledged in a local bond issuance. Cia. de Saneamento Basico do Estado de Sao Paulo, a giant water utility, acquired a 70% stake in Emae in a deal originating from a lender.