logo
Plus   Neg
Share
Email

Reports: Brazil's Odebrecht Files For Bankruptcy Protection - Quick Facts

As per media reports, Brazil's Odebrecht has filed for bankruptcy protection in order to restructure the company's debt. The bankruptcy protection request does not cover all of the company's subsidiaries.

Odebrecht is a global organization of Brazilian origin, with operations in 25 countries. Its seven Business Units operate in the petrochemical, engineering & construction, infrastructure, agroindustrial, oil & gas, transport, real estate and shipbuilding industries.

In 2016, the company embarked on a transformation journey throughout the entire Odebrecht Group. In 2017, it held the first meeting of the Global Advisory Council and, in 2018, renewed the board of directors of Odebrecht S.A.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook has launched its new payment platform called 'Facebook Pay' in the U.S., joining other tech giants like Google and Apple that have their own payment platforms. The new service will be available across Facebook and its associated apps - Messenger, Instagram and WhatsApp, the social media giant said in a blog post. The payment service supports most major credit and debit cards. Amneal Pharmaceuticals, LLC recalled certain lots of heartburn medication Ranitidine in the form of tablets and syrup for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine, above levels established by the U.S. Food and Drug Administration or FDA. The generic and specialty pharma company is recalling 94 lots of Ranitidine tablets and Syrup. The U.S. Department of Justice said it settled with a Florida-based IT recruiting and staffing company for immigration-related discrimination against non-U.S. citizens, including asylees. Perspective Talent LLC, a Pembroke Pines company, was found by the DOJ to have posted discriminatory job advertisements that unlawfully excluded individuals who are authorized to work in the U.S.
Follow RTT
>