Common

Odebrecht

Brazilian company involved in a corruption scandal in Latin America

Odebrecht

Common card · No. 214803

Novonor, formerly Odebrecht S.A. (Portuguese: [odɛˈbɾɛ(t)ʃ]), is a Brazilian conglomerate, headquartered in Salvador, Bahia, Brazil, consisting of diversified businesses in the fields of engineering, construction, chemicals and petrochemicals. The company was founded in 1944 in Salvador by Norberto Odebrecht, and is active in the Americas, the Caribbean, Africa, Europe and the Middle East. Its leading company is Norberto Odebrecht Construtora. Odebrecht S.A. is a holding company for Construtora Norberto Odebrecht S.A., the biggest engineering and contracting company in Latin America, and Braskem, the largest petrochemicals producer in Latin America and one of Brazil's five largest private-sector manufacturing companies. Odebrecht controls Braskem, which by revenue is the fourth largest petrochemical company in the Americas and the seventeenth in the world. The name Odebrecht has become shorthand for an unprecedented regional bribery scandal. Between 2001 and 2016, Odebrecht paid US$788...

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