by bondevalue | Mar 11, 2021 | High Yield Bonds
Mexico successfully renegotiated the ethanol contract that was found onerous with Braskem Idesa, a subsidiary of Braskem that is in turn controlled (50.1% voting shares) by Brazilian construction giant Odebrecht. The new contract will generate savings of $667mn for...
by bondevalue | Feb 18, 2021 | High Yield Bonds
The Federal Administrative Court of Justice (TFJA) confirmed the three-year suspension of the Brazilian construction company Odebrecht for overcharging Pemex in operations at the refinery in Tula, Hidalgo. This comes after Odebrecht admitted to paying bribes worth...
