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Sinohydro in talks for Odebrecht stake

Friday, February 10, 2017

Chinese construction company Sinohydro is negotiating with Odebrecht to take over the Brazilian company's stake in Colombia's Magdalena River navigability project, a deal that could save the $873 million contract, a government official said.

Power China is interested in becoming involved through its Sinohydro unit, Luis Fernando Andrade, president of Colombia's National Infrastructure Agency, told Reuters on Thursday.

Source: Reuters