Ambipar subsidiary goes for US listing to finance M&A

Ambipar subsidiary goes for US listing to finance M&A

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Brazilian environmental services company Ambipar has agreed to merge its emergency response division with US special purpose acquisition company (SPAC) HPX Corp and list the shares on the New York Stock Exchange (NYSE), looking to tap cheaper funding for its acquisition plans, CFO Thiago Silva told LatinFinance. "We will have access to very good funding at a very attractive cost compared to Brazil," Silva said on Wednesday. "We will mainly use proceeds for M&A, especially in the US, where th

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