Unigel’s Bankruptcy Protection Approved by Brazil Court: Estado

Judge of the 2nd Bankruptcy Court of Sao Paulo approved the filing on Thursday, according to a report from local newspaper Estado de S. Paulo.

• Unigel did not comment on Estado’s story
• Brazilian petrochemical producer had filed for bankruptcy protection in Sao Paulo on Oct. 8, according to a statement on company’s website
• Brazil’s securities regulator approved the cancellation of Unigel’s issuer registration on Oct. 7
• NOTE: Unigel-Backed Bond Under Strain as Reserve Fund Running Dry

Reporter on the original story:
Peter Frontini in Sao Paulo at pfrontinisiq@bloomberg.net

Editors responsible for the original story:
Danielle Chaves at djelmayer@bloomberg.net

Peter Frontini ...