Cash-Strapped Odebrecht Sells Assets

Odebrecht has begun shedding infrastructure assets in Latin America as the troubled engineering conglomerate, under probe by the nation’s federal prose- cutor for its role in the Petrobras scandal, is besieged by its lender banks. Odebrecht is dismantling its prized road portfolio, once the largest in Latin America, to reduce consolidated debt of Reais 110 bil- lion (US$33 billion) that sat on its books at the end of 2015. Odebrecht targets the sale of Reais 12 billion (US$3.6 billion) of assets over two years.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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