Latest Odebrecht Stories

SAO PAULO, Oct. 25, 2012 /PRNewswire/ -- Construtora Norberto Odebrecht S.A. ("CNO"), through its affiliate Odebrecht Finance Ltd. (the "Company"), previously announced that it commenced (i) an offer to purchase for cash (the "2020 Notes Tender Offer") any and all of the Company's outstanding 7.000% Senior Notes due 2020 (the "2020 Notes") and (ii) an offer to purchase for cash (the "2023 Notes Tender Offer" and, together with the 2020 Notes Tender Offer, the "Tender Offers") the...

SAO PAULO, Oct. 22, 2012 /PRNewswire/ -- Construtora Norberto Odebrecht S.A. ("CNO"), through its affiliate Odebrecht Finance Ltd. (the "Company"), today announced its current intention to commence, following the pricing of the previously announced offering of U.S.$450.0 million in aggregate principal amount of the Company's 7.125% Notes due 2042, (i) an offer to purchase for cash (the "2020 Notes Tender Offer") any and all of the Company's outstanding 7.000% Senior Notes due 2020...

MIAMI, Aug. 16, 2012 /PRNewswire/ -- The largest 500 Latin American companies increased their revenues by 8.3 percent in 2011, the digital news service Latin Business Chronicle reports on its annual regional ranking. At the same time, profits for these companies tumbled 8.9 percent. The reason behind these results? The positive figures were induced by sustained domestic demand growth, the publication states. The lackluster profit figures seem to be the result of the first...

PHILADELPHIA, April 2, 2012 /PRNewswire/ -- Braskem announced today that Fernando Musa has been named CEO of Braskem America. He succeeds Luiz de Mendonca, who led Braskem America and Braskem's International Business Unit until his appointment to the role of CEO of ETH Bioenergia, a member of the Odebrecht Group, the controlling shareholder of Braskem S.A. Musa will be based in Philadelphia, PA. In addition to his position as CEO Braskem America, Musa will oversee Braskem's...

MIAMI, Sept. 20, 2011 /PRNewswire/ -- Latin Trade, the leading pan-regional business magazine focusing on Latin America and the Caribbean, announced today that Alex Behring, co-founder and managing partner of 3G Capital, will receive the 2011 Investor of the Year Award at the 17th BRAVO Business Awards on October 28 in Miami. (Logo: http://photos.prnewswire.com/prnh/20110920/FL69721LOGO) Behring was the main negotiator in 3G Capital's surprise $4 billion acquisition of Burger King in...

MIAMI, Aug. 25, 2011 /PRNewswire/ -- Latin Trade, the leading pan-regional business magazine focusing on Latin America and the Caribbean, announced today that Dominican President Leonel Fernandez will be recognized with the 2011 Lifetime Achievement Award at the 17th BRAVO Business Awards, to be held on October 28 in Miami. President Fernandez was previously honored with the BRAVO Leader of the Year award in 2000 and 2006. This year, Fernandez is being cited for his two decades at the...

SAO PAULO, March 30, 2011 /PRNewswire/ -- Construtora Norberto Odebrecht S.A. ("CNO"), today announced that in connection with its previously announced offers to purchase for cash and consent solicitations with respect to any and all of the outstanding 9.625% Senior Notes due 2014 (the "2014 Notes"), 7.500% Senior Notes due 2017 (the "2017 Notes"), and 7.000% Senior Notes due 2020 (the "2020 Notes," and together with the 2014 Notes and the 2017 Notes, the "Notes") of its affiliate Odebrecht...

SAO PAULO, March 21, 2011 /PRNewswire/ -- Construtora Norberto Odebrecht S.A. ("CNO"), through its affiliate Odebrecht Finance Ltd. (the "Company"), today announced that it has commenced offers to purchase for cash (with respect to each series of Notes (defined below), a "Tender Offer," and, collectively, the "Tender Offers") any and all of its outstanding 9.625% Senior Notes due 2014 (the "2014 Notes"), 7.500% Senior Notes due 2017 (the "2017 Notes"), and 7.000% Senior Notes due 2020 (the...

PHILADELPHIA, Dec. 8, 2010 /PRNewswire/ -- The nomination of Carlos Fadigas as CEO of Braskem S.A. has been approved by the Company's Board of Directors. Fadigas headed operations as CEO of Braskem America since the start of 2010. This announcement follows shortly after current CEO of Braskem S.A. Bernardo Gradin released the succession plan for his leadership and identified Fadigas as his successor. The selection of Carlos Fadigas as the new CEO of Braskem S.A. is part of the leadership...

MIAMI, May 20 /PRNewswire-FirstCall/ -- American Airlines donated a retired MD-80 jet to George T. Baker Aviation School today, making it one of the only accredited aviation schools in the country to have a commercial airliner on school grounds. American partnered with Odebrecht to move the 39-ton plane from Miami International Airport (MIA) to the Aviation School. The job required lifting the plane over State Road 112 and LeJeune Road, using a 500-ton crane equipped with a 400-foot...