Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Odebrecht asset sale fails

By Declan Bush

06 June 2019

Brazilian construction company Odebrecht has failed to offload its controlling stake in a troubled petrochemical venture, prompting fears the company may be compelled to file for judicial reorganisation.

Odebrecht asset sale fails Odebrecht's office in Salvador, Brazil in 2016. (Credit: iStock.com/Joa_Souza)