Brazil's foremost global engineering firm is restructuring itself and spinning off new ventures in energy, agriculture and real estate. Financing expertise will feed its success.
Felipe Jens is telling a roomful of lawyers and bankers in
October about how his company, Odebrecht, financed the
construction of a Petrobras oilrig. Some in the audience take
notes, several contemplate the maze of arrows and boxes that
describes the account structure. Others are completely
Jens, who spearheads the engineering company's recently
established project finance arm Odebrecht Investimentos em
Infraestrutura (OII), spends far more time poring over balance
sheets and legal documents than he does wearing a hard hat
studying blueprints. His skillset is more akin to an investment
banker than an engineer, and he is among the many executives
who have helped Odebrecht earn a reputation for sound financial
structuring that rivals the name it has for large-scale
"We've noticed that more and more clients are seeking a
partner that can bring financing solutions to their projects,"
Paulo Cesena, CFO of Grupo Odebrecht, the...
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