China's HNA buys Odebrecht stake in Rio Airport for $19 million

Hainan Meilan International Airport Co

13/07/2017 20:11

SAO PAULO, July 13 (Reuters) - The transport unit of 
Odebrecht SA, the Brazilian conglomerate at the heart of a 
global graft scandal, has concluded the sale of a stake in Rio 
de Janeiro international airport to China's HNA Infrastructure 
Co Ltd  0357.HK  for $19 million, the companies said on 
Thursday. 
    The stake was the equivalent of 30 percent in the airport, 
Brazil's second busiest. 
    Reuters reported in April that HNA was in talks to buy the 
stake and Brazil's government confirmed the deal.  urn:newsml:reuters.com:*:nL1N1HL197 
    The deal is subject to approval by Brazil's antitrust 
watchdog CADE and aviation industry regulator ANAC.  
    Odebrecht has admitted to bribing officials in 12 countries 
as part of a $3.5 billion settlement with Brazilian, U.S. and 
Swiss authorities. Fallout from corruption probes involving the 
group is slowing down infrastructure development in Latin 
America, Moody's Investor Service noted in a report. 
 urn:newsml:reuters.com:*:nL1N1I51R9 
 
 
 (Reporting by Tatiana Bautzer; Editing by Richard Chang) 
 ((tatiana.bautzer@tr.com; +55-11-5644-7756, +55-119-4210-4173; 
Reuters Messaging: 
tatiana.bautzer.thomsonreuters.com@reuters.net)) 
 
Keywords: ODEBRECHT DIVESTITURE/