Odebrecht tries to hold on to Atvos

Odebrecht tries to hold on to Atvos

Regulation Debt Equity Project & Infrastructure Finance M&A Funds Asset Management Brazil US Latin America

Brazil's Odebrecht is trying to keep hold of its ethanol business Atvos by filing an arbitration claim against French investment bank Natixis for selling a stake to US private equity fund Lone Star Funds, a company spokesperson told LatinFinance on Tuesday. Lone Star, which specializes in buying distressed assets, said on Monday that it reached a $5 million agreement with Natixis and had become the majority shareholder in Atvos. But Atvos claimed on Tuesday that Natixis breached its fiduciary ag

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