Creditors of Brazil's Odebrecht SA are in advanced talks to let the corrupt...
SAO PAULO - Creditors of Brazil’s Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA , for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said.
The engineering and construction company, implicated in a series of graft scandals across Latin America, will submit its debt proposal to a creditors’ meeting on Wednesday, but representatives of creditors whose debt is secured by Braskem shares have informally agreed to it, the sources added, asking for anonymity to disclose private talks.
Earlier this year, Odebrecht argued in bankruptcy court the Braskem stake was an essential asset that could not be sold.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Trump announces restored tariffs on Argentina, BrazilPresident Trump announced this morning that he would reinstate tariffs on aluminum and steel imports from Argentina and Brazil
Leer más »
Trump reinstates tariffs on steel and aluminum from Brazil and ArgentinaPresident Trump reinstates tariffs on steel and aluminum from Brazil and Argentina, citing the negative impact of currency devaluation in those countries on American farmers
Leer más »
US to impose steel, aluminum tariffs on Brazil and ArgentinaPresident Trump accused the countries of orchestrating a massive devaluation of their currencies and called on the US central bank to take action to prevent other nations from doing the same.
Leer más »
Trump renews tariff threat on Brazil and ArgentinaPresident Trump says the US will 'restore' steel and aluminum tariffs on Brazil and Argentina after exempting the countries last year to avoid a trade war
Leer más »