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

  • UK’s M6 tolled motorway for sale
    June 21, 2016
    For sale: one UK toll motorway along with operating business. Well maintained. Price negotiable. David Arminas looks at what is on offer As if right on cue, a French articulated truck starts to back up along the hard shoulder at an exit area of M6toll. The manoeuvring is watched from an office inside the nearby M6toll headquarters. Inside, Andy Pearson, chief executive of M6toll, glances over his shoulder and interrupts his presentation to World Highways. “He’s probably missed the dedicated wide-load
  • Manitou profits rise 22% in first half of 2012 - 10% full year growth forecast
    August 31, 2012
    Manitou Group’s (MG) operating profit rose by 22% to €31 million in the first half of 2012, compared to €25 million over the same period of 2011. The France-headquartered Group also saw its 2012 first half year revenue increase by 20% to €672 million, having recorded €562 million revenue in the first six months of the previous year. Meanwhile, MG net income was up 40% to €21 million in the first half of 2012, from €15 million over the same period of 2011.
  • Brazil: Dnit proposes suspending 61 projects due to lack of funds
    May 9, 2016
    Brazil's national department of transport infrastructure, Dnit, has approved a proposal to suspend work on 29 road projects across 12 states. The approval comes after severe budget cuts this year and the number of affected works could increase to 61. Dnit noted, however, that no work will be immediately stopped and that current contracts will be maintained. The proposal will now go before the Ministry of Transport and Planning and the Office of the Chief of Staff before it can receive final approva
  • Why the future of compact equipment is electric
    October 16, 2020
    Case CE, Hitachi, JCB and Wacker Neuson are amongst the equipment manufacturers convinced of the potential for electric construction machines