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
Auto giant General Motors' (GM) Chevrolet unveiled its new stunning Corvette Stingray 2020. Stingray 2020, the eighth generation of the Chevrolet Corvette, has received the biggest change since its initial launch in 1953. The new 2020 Corvette is a mid-engine vehicle, which is its engine is behind... Amazon.com's Prime Day has brought a smile to the face of some photographers who may have grabbed their best deals of their lives. The e-commerce giant accidentally discounted a wide range of premium camera gear for Prime Day earlier this week, which may have proved costly for it. Thanks to a pricing error, some lucky customers were able to buy premium camera gear bundles for below $100. Women's clothing chain Dress Barn Inc. said it started store-closing or inventory clearance event sales at the 53 stores it plans to close by the end of August. The company expects to close all its stories by end of 2019. It also released a list of the nine stores closing in July and the stores closing in August. Dressbarn has hired Gordon Brothers Retail Partners to help with the store closures.