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Odebrecht begins paying debts and fines following financial agreement

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Odebrecht said that Itaú Unibanco Holding SA and Banco Bradesco SA, Brazil's top two lenders, will give Odebrecht a joint loan of 2.6 billion reais. Brazilian conglomerate Odebrecht SA's will use part of a 2.6 billion reais (US$709.96 million) bank loan to repay a loan in arrears with state-controlled bank Banco do Brasil SA, according to sources quoted by Reuters. Under the terms of an agreement announced on Friday, the engineering group, at the center of a corruption scandal, will repay a 100 million reais debt to Banco do Brasil.

Odebrecht begins paying debts and fines following financial agreement Odebrecht begins paying debts and fines following financial agreement Reviewed by Shahid Karimi on May 27, 2018 Rating: 5

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