Odebrecht files for bankruptcy protection in Brazil


  • Business
  • Wednesday, 19 Jun 2019

SAO PAULO: Odebrecht SA, the holding company of the Brazilian conglomerate that stretches from construction to oil and gas, has filed for bankruptcy protection in a Sao Paulo court.

The company asked the court for protection while it seeks to restructure more than 51 billion reais (US$13.1bil) of debt, according to a statement.

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