Tag: Grupo OAS bankrupcy

• Thursday, April 23rd 2015 - 08:45 UTC

  Brasil's third biggest builder contracting drastically after Petrobras scandal and bankrupcy

  

  Brazilian engineering conglomerate Grupo OAS expects revenue to shrink more than 50% by 2017 as it sells operations and refocuses on civil construction after filing for bankruptcy protection due to a bribery scandal at a state-run oil company.