Reconstructing Odebrecht

Reconstructing Odebrecht

Corporate & Sovereign Strategy

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 lost. 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 reputa

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