Odebrecht’s bribery scandal casts a shadow over Latin America

Odebrecht’s bribery scandal casts a shadow over Latin America

Brazil Peru Loans M&A Economy & Policy Project & Infrastructure Finance Features Special Reports

For years, people suspected something was wrong. In 2014, as the Gasoducto Sur Peruano (GSP) natural gas pipeline concession wound through the bidding process, rumors circulated that Odebrecht was not competing fairly. The rumors gained steam when, with just two bidding teams left in the hunt, the Peruvian government disqualified one led by France’s Engie, previously known as GDF Suez, on technical grounds, leaving the Brazilian builder and its Spanish partner Enagás to take the 34-year concessi

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