December 4, 2019 / 4:39 PM / 2 days ago

Vote on bankruptcy restructuring plan for Brazil's Odebrecht postponed to Dec 10

SAO PAULO, Dec 4 (Reuters) - Creditors for Brazilian conglomerate Odebrecht SA decided on Wednesday to postpone the vote on the company’s bankruptcy restructuring plan until Dec 10.

Creditors on Wednesday only reached a quorum to vote on the restructuring plans for 5 of 21 subsidiaries that have joined the bankruptcy protection proceeding. Odebrecht has been embroiled in sweeping corruption scandals throughout Latin America. (Reporting by Carolina Mandl in Sao Paulo)

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