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Brazil's Odebrecht in talks to sell assets, downsize business
December 1, 2016 / 10:26 PM / 10 months ago

Brazil's Odebrecht in talks to sell assets, downsize business

SAO PAULO (Reuters) - Odebrecht SA, the engineering conglomerate that on Thursday agreed to a $2 billion leniency deal with prosecutors in Brazil’s biggest graft case, is making progress selling assets and restructuring some businesses as part of a broad overhaul.

In a statement, the company pledged not the engage ever again in improper business practices. The long-awaited leniency deal between Odebrecht [ODBES.UL] and prosecutors would allow the company to return to bidding for public works projects.

Reporting by Guillermo Parra-Bernal; Editing by Sandra Maler

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