English 
Spanish 
2 min read
Foreign funds are vying to receive a billionaire fund from Brazilian construction company Odebrecht, which fell over a corruption scandal in 2017.
A sugar and alcohol deal by Odebrecht has been delayed by the Lone Star and Castlelake funds. Foreign funds are expected to receive credits estimated at R$ 1 billion before other Athos creditors. Odebrecht had bankruptcy requested by Caixa to Justice this month of October.
The company's sugar and alcohol agreement has an estimate of full payment of approximately R$ 8 billion and includes other bank creditors, including BB and BNDES.
- Earn up to R$55 in 2025: Discover the careers that will boom in the new year and make you earn a lot of money!
- Senac opens selection process for the position of cleaning assistant and offers a salary of R$1.696,00 + unhealthiness of R$564,80; See how to secure your position
- Sudden shutdown problems on the move led mining company Vale to BAN all Fiat Toro 2.0 diesels from its fleet, made up of more than 3.000 vehicles
- Sustainable Revolution: Schneider Electric Transforms Blumenau Factory into a Smart Factory with Electrification 4.0
The government has signaled that it will not help Odebrecht to restructure its debt and avoid bankruptcy. For the government, the company's recovery is a “market issue” that is up to financial institutions to resolve.
Abu Dhabi fund negotiates Atmos alcohol plant
Mubadala is in talks to acquire Atvos, Odebrecht's sugar and alcohol unit, in a transaction that could result in an injection of capital into the company, according to people familiar with the matter.
Abu Dhabi's sovereign wealth fund is talking to creditor banks, including Banco do Brasil and BNDES, which in total have loaned 11 billion reais to Atvos, the people said, asking not to be named as the talks are not public.
Mubadala declined to comment. Atvos also declined to comment. Atvos, which filed for bankruptcy on May 29, submitted a restructuring plan to creditors on August 7.
Odebrecht: former partner in diamond mining
Sociedade Mineira de Catoca, which is responsible for extracting more than 75% of Angola's diamonds, previously had shareholders from four nations – from Angola, Russia, China and Brazil.
The participation Brazilian (16,4%) at Sociedade Mineira de Catoca was sold to the Russian and Angolan sides. The chairman of the Endiama Board of Directors still regrets the Brazilian departure from the diamond mining company, but he is open to new partnerships with Brazil, the first country to recognize Angola after its independence.
- State-owned PPSA wants to hire Petrobras to sell Union oil
- Ocyan has its first drillship commanded by a Brazilian woman
- SBM is authorized to conclude acquisition of Constellation stake in FPSOs in Brazil
