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Odebrecht, Braskem to pay $417.5 million in fines to U.S., Swiss governments

The Brazilian construction firm Odebrecht SA [ODBES.UL] and petrochemical company Braskem SA (BRKM5.SA) will pay 1.4 billion reais ($417.5 million) to the U.S. and Swiss governments as part of a settlement in a sweeping corruption case, a source close to the negotiations told Reuters Tuesday

The deals, first reported by the Folha de S.Paulo newspaper, will be announced on Wednesday, according to the source, who spoke on condition of anonymity as they were not allowed to discuss the case.

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