Skip to main content

Odebrecht may exit Peru contracts

Brazilian contractor Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.
March 9, 2017 Read time: 1 min
Brazilian contractor 1305 Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.

For more information on companies in this article

Related Content

  • Developments in hybrid vehicles
    February 27, 2012
    There is an array of future vehicle solutions in development - Mike Woof reports. Ever since Henry Ford's Model T showed that the motor car could provide transport for ordinary people rather than being an exclusive toy of the rich, vehicle numbers have exploded. In every country around the world, vehicle ownership continues to grow.
  • Panama plans new highway link
    February 9, 2012
    Panama's Government is giving its approval for changes to the contract for the second stage of the Madden-Colon highway.
  • World Bank cancel US$1.2bn Padma Bridge loan
    July 6, 2012
    A loan worth US$1.20billion for the Padma Multipurpose Bridge project has been cancelled by the World Bank (WB). The decision was said to have been taken as the Bank was not satisfied with the actions taken by the Bangladeshi government in regards to corruption allegations involving the bridge contract. A major engineering and construction company is alleged to have made improper payments to Bangladeshi government officials in order to secure the bridge contract. The World Bank loan, signed In April last y
  • Panama plans projects
    March 2, 2012
    Brazilian contractor Odebrecht will carry out a major project in Panama City worth US$778 million.