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Mega corporation Odebrecht involved in Petrobras case, plans to sell assets to meet debt obligations

Sunday, April 3rd 2016 - 07:52 UTC
Full article 8 comments

Troubled Brazilian construction company Odebrecht SA plans to sell about 12 billion reais (US$3.4 billion) in assets to help meet its debt obligations, according to the builder’s chief executive officer. The company had a gross debt of 85 billion reais in 2014, the most recent figure available, but much of it is long-term debt and the biggest payments start only in 2025, Odebrecht CEO Newton de Souza said in an interview published Friday in the Folha de S. Paulo newspaper. Read full article

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  • Lucifer

    Fire Sale in Brazil.

    The smart money isn't investing yet though
    and they won't until the corruptors are not running the gov't any longer

    Someone told me long ago you're never forced to buy but you can be forced to sell.
    They're forced to sell.

    Apr 03rd, 2016 - 02:11 pm - Link - Report abuse 0
  • Brasileiro

    The leniency agreement has been signed. We, the people and government of Brazil, will be signing 26 billion reais in infrastructure projects that will be built by Odebrecht, now in the first half of 2016.

    We will not abandon our companies at the time of difficulties.

    https://www.youtube.com/watch?v=w06Y9M4SoMs

    Apr 03rd, 2016 - 02:23 pm - Link - Report abuse 0
  • Lucifer

    As the deep depression gets deeper there's no money to do infrastructure projects.

    Its all at an end
    and rightfully so

    Apr 03rd, 2016 - 03:28 pm - Link - Report abuse 0
  • Brasileiro

    Can I laugh?

    hahahahahaha

    https://www.youtube.com/watch?v=Weng5MeF2iM&list=FLmXPTu1f8AdGlizWNiASx2A&index=21

    Take your mouse and move!

    Apr 03rd, 2016 - 04:18 pm - Link - Report abuse 0
  • Jack Bauer

    @2 & 4 BrasBURRO

    “WE, the people...” since when do the 'people' sign anything you dimwit ?
    How much of that R$ 26 billion will be diverted to the pockets of the PT and other stinking politicians ?
    Yes Burro, you can laugh....that nervous laughter of the condemned sob going to the guillotine.....'não vai se cagar, viu ?”

    Apr 03rd, 2016 - 10:19 pm - Link - Report abuse 0
  • Skip

    26 billion reais?

    Is that all?

    God there's a new train line costing that just through the middle of my state capital. 26 billion reais is peanuts.

    Once you take into account how much will be stolen by politicians and how much it will cost to repair dodgy workmanship, the people will only get about billion or two reais benefit.

    More wasted money.

    Never thought you'd be the one standing up to protect corruption and oligarchs Brasileiro but then again none of you who post have ever really been that intelligent.

    Apr 04th, 2016 - 03:42 am - Link - Report abuse 0
  • L0B0MAU

    REF: “plans to sell assets to meet debt obligations”: They are just pretending that they respect their obligations and responsibilities.

    Apr 04th, 2016 - 10:38 am - Link - Report abuse 0
  • Jack Bauer

    @6 Skip
    The Brasshole invents all this shit as he goes along, writing what he would like to happen, but without the knowlegde to write something credible.....as I have said before, he has trouble with 'zeroes'......

    Apr 04th, 2016 - 03:25 pm - Link - Report abuse 0

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