Odebrecht, Brookfield near Brazil sewage unit deal: Reuters
Canada's Brookfield Asset Management is close to finalizing the purchase of Brazilian engineering conglomerate Odebrecht SA's stake in a water and sewage business after due diligence procedures slowed the transaction for months, sources told Reuters. Brookfield has agreed to buy the 70 percent that Odebrecht SA has in the unit, known as Odebrecht Ambiental SA. The deal will value Odebrecht Ambiental at 5 billion reais (US$1.5 billion), depending on final details and adjustments. An announcement is due within weeks, the sources said.
22 September 2016•2 mins read
