Odebrecht Group Ready to Return $5 Billion Pipeline Contract to Peru

A consortium controlled by Brazilian builder Odebrecht S.A. will miss a financing deadline Monday for a natural gas pipeline project in Peru and awaits government notification that it will lose the $5 billion contract, the company said Friday. Odebrecht, a family-owned conglomerate at the center of a growing bribery scandal in Latin America, has spent months trying to sell its 55 percent stake in the project as a condition from banks that would provide $4.1 billion for...

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