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.
-
The legendary oak that, according to the story, hid Robin Hood from the Sheriff of Nottingham, died at the impressive age of 1,200 years in England, and the first chilling sign of its end was that no leaves sprouted on the tree this spring.
-
While the world looks at forests, the UN warns that the Earth is also threatened by the silent degradation of natural grasslands and savannas, ecosystems that cover half of the planet, support billions of people, and can exacerbate water, food, and climate crises.
-
The future of computers may change sooner than expected: Amazon bets on commercial quantum computing within seven years, while qubits, the Ocelot chip, AI, and scientific simulations take center stage in the new race among big techs.
-
Cheaper than new HB20, Onix, and Argo, this German sedan offers a 510-liter trunk, a 2.0 naturally aspirated engine, a 6-speed Tiptronic automatic transmission, and well-known mechanics; the 2016 Volkswagen Jetta Comfortline still draws attention in the used car market.
The government signaled that it will not assist Odebrecht in restructuring its debt and avoiding bankruptcy. For the government, the recovery of the company is a “market issue” that should be resolved by financial institutions.
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 State Company PPSA Wants to Hire Petrobras to Market Union Oil
- Ocyan Has Its First Drill Ship Commanded by a Brazilian Woman
- SBM Is Authorized to Complete Acquisition of Constellation’s Stake in FPSOs in Brazil

Be the first to react!