March 7, 2018
Peru's discussions over a law concerning punishment to Odebrecht threatens to scupper a potential $1.4bn agreement it signed with China Three Gorges (CTG) for the Chaglla hydroelectric power plant, sources have said.
Last August, the Chinese firm agreed to buy the facility from the embattled construction firm, putting to bed what most thought, were the final touches on a deal spanning more than two years.
According to one M&A source, the delay in determining the law, or punishment to Odebrec
The government's delay in determining how much proceeds it will keep from Odebrecht's asset sale could see China Three Gorges walk away from the deal, sources