A briga para receber R$ 1 bilhão da empreiteira Odebrecht

The Fight to Receive R$ 1 Billion from Construction Company Odebrecht

Written by Paulo Nogueira

Published on 24/10/2019 at 10:49

Updated on 24/10/2019 at 10:53

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Foreign Funds Compete to Receive Billion-Dollar Fund from Brazilian Construction Company Odebrecht, Which Fell Under Corruption Scandal in 2017.

A sugar-alcohol agreement from Odebrecht has been delayed by the Lone Star and Castlelake funds. The foreign funds expect to receive, before other creditors of Athos, credits estimated at R$ 1 billion. Odebrecht had bankruptcy requested by Caixa in court this October.

The company’s sugar-alcohol agreement is estimated to make a full payment of approximately R$ 8 billion and includes other banking creditors, including BB and BNDES.

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Abu Dhabi Fund Negotiates Alcohol Plant Atvos

Mubadala is in talks to acquire Atvos, Odebrecht’s sugar and alcohol unit, in a transaction that could result in a capital injection into the company, according to people familiar with the matter.

The sovereign fund of Abu Dhabi is negotiating with creditor banks, including Banco do Brasil and BNDES, which together made loans of R$ 11 billion to Atvos, the people said, asking not to be identified as the talks are not public.

Mubadala declined to comment. Atvos also did not comment. Atvos, which requested judicial recovery on May 29, presented a restructuring plan to creditors on August 7.

Odebrecht: Former Partner in Diamond Mining

The Catoca Mining Society, which is responsible for extracting over 75% of Angolan diamonds, previously had shareholders from four nations – Angola, Russia, China, and Brazil.

The Brazilian stake (16.4%) in the Catoca Mining Society was sold to Russian and Angolan parties. The chairman of the Board of Directors of Endiama still laments the Brazilian exit from the diamond mining partnership but remains open to new partnerships with Brazil, the first country to recognize Angola after its independence.

The Fight to Receive R$ 1 Billion from Construction Company Odebrecht

Foreign Funds Compete to Receive Billion-Dollar Fund from Brazilian Construction Company Odebrecht, Which Fell Under Corruption Scandal in 2017.

Abu Dhabi Fund Negotiates Alcohol Plant Atvos

Odebrecht: Former Partner in Diamond Mining

Diagnostic test

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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