Odebrecht SA, the engineering firm at the heart of Brazil’s biggest ever graft probe, has put 12 billion reais ($3.34 billion) in assets up for sale to raise capital as it grapples with rising debt, Odebrecht Chief Executive Newton de Souza told Folha de S.Paulo in an interview published on Friday.
Odebrecht is seeking to sell a hydroelectric dam and a road concession in Peru and a stake in an oil project in Angola, and has received interest for its water and sewage unit Odebrecht Ambiental, Souza said in the interview.
The 12-billion-real asset-selling program should help Odebrecht pass “through the eye of the storm,” Souza was quoted by Folha de S.Paulo as saying.
Brazil Energy Insight 
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