Novonor, previously Odebrecht S.A. () is a Brazilian conglomerate
, headquartered in Salvador
, Bahia, Brazil
, consisting of diversified businesses in the fields of engineering, construction, chemicals
s. The company was founded in 1944 in Salvador, Bahia
by Norberto Odebrecht
, and is now present in the regions of the Americas
, the Caribbean
, Africa, Europe and the Middle East. Its leading company is .
is a holding company for Construtora Norberto Odebrecht S.A., the biggest engineering and contracting company in Latin America, and Braskem
, the largest petrochemicals producer in Latin America and one of Brazil's five largest private-sector manufacturing companies. Odebrecht controls Braskem
, which by revenue is the fourth largest petrochemical company in the Americas and the seventeenth in the world.
The name Odebrecht has become shorthand for an unprecedented regional bribery scandal. Between 2001-2016, Odebrecht paid USD $788 million in bribes across Latin America.
Odebrecht has also been central to the Operation Car Wash
scandal. On 19 June 2015, Brazilian authorities arrested the former CEO, Marcelo Odebrecht
, in connection with their ongoing probe into bribes paid to the Brazilian oil giant, Petrobras
. On 7 March 2016 he was sentenced to 19 years and 4 months jail, for paying over US$30 million in bribes to executives of Petrobras, in exchange for contracts and influence.
On June 17, 2019, the group filed for bankruptcy, seeking to restructure USD $13 billion in debt.
Norberto Odebrecht Construtora Ltda., the privately owned precursor to Odebrecht S.A, was founded in 1944 by Norberto Odebrecht
. In the late 1970s and early 80s, Odebrecht began to expand internationally and diversify its business. In 1980, CBPO, another Brazilian contractor, merged with Odebrecht, and in 1981 Odebrecht S.A. was created. In 2002, Odebrecht established Braskem, a petrochemical company that went on to become Latin America's largest. In 2007, Odebrecht Agroindustrial was established to produce ethanol
, sugar, and energy.
* Odebrecht Energia (energy) – Invests, constructs and manages projects in the Latin American electric sector, such as hydroelectric
, thermoelectric and nuclear power
plants. Emphasis is made on projects in Brazil, Peru
* Odebrecht Engenharia Industrial (industrial engineering) – Constructs and assembles industrial facilities in Brazil and abroad, serving clients from a range of different sectors.
* Odebrecht Infraestrutura (infrastructure) – Completes important projects in the transport, sanitation
, sports arena
sectors in Brazil.
* Odebrecht América Latina & Angola (Latin America and Angola
) – Leads investments and construction projects in regions that served as the pioneers for Odebrecht's international expansion.
* Odebrecht Venezuela
– Invests and completes projects in the infrastructure, real estate, industrial, oil and gas, petrochemical and food security sectors in the country.
* Odebrecht International – Includes operations of 65 different nationalities, maintaining a unique quality standard and respecting the unique characteristics of each region.
* Odebrecht Óleo e Gás S.A. (oil and gas) – Explores and produces oil and gas fields, operates rigs and provides integrated services for other companies from the sector.
* Odebrecht Realizações Imobiliárias S.A. (real estate developments) – Develops residential, business, commercial and tourism ventures.
* Foz do Brasil S.A. – Provides water supply and waste treatment services.
* Odebrecht Agroindustrial S.A. – Produces alcohol fuel (ethanol
), electricity and sugar using
* Braskem S.A. – Produces raw materials in an integrated fashion, including ethane, propane
, as well as second-generation petrochemical products, such as thermoplastic resins.
* Odebrecht Participações e Investimentos – Leads the company's operations in diversified infrastructure sectors, investing in transportation and logistics, energy, sports arenas and irrigation.
* Odebrecht Administradora e Corretora de Seguros Ltda. – Protects the assets of shareholders by identifying, mitigating and managing risks.
* Odeprev – Designs and operates supplementary pension plans for Odebrecht Organization members, preparing them for retirement.
* Fundação Odebrecht (foundation) – Promotes youths' education for life, through work and for values, as well as the sustainable development of productive chains.
The Treasurer of the Brazilian Workers' Party
, João Vaccari Neto
, was arrested in 2015 for allegedly receiving "irregular donations", and José Dirceu
, former chief of staff for President Luiz Inácio Lula da Silva
, was arrested for orchestrating a large part of the scandal, also in 2015.
of the Chamber of Deputies
of the Congress of Brazil
) Eduardo Cunha
), was investigated for allegedly receiving more than USD$40 million in kickbacks and bribes. He was imprisoned in October 2016 and his accounts frozen. Former Minister of Mines and Energy Edison Lobão
) was investigated for receiving more than USD$50 million in bribes from Petrobras and arrested 19 October 2016 and held in custody due to what the justice department of Paraná
state called "a concrete possibility of flight given his access to hidden resources abroad, as well as double nationality."
In February 2016, amidst the Peruvian presidential race, a report from the Brazilian Federal Police implicated Peruvian president Ollanta Humala
as a recipient of bribes from Odebrecht in exchange for public works contracts. Humala rejected the accusation and avoided any confrontation with the media on the matter.
Under the Humala administration Odebrecht received contracts worth US$152 million, in addition to the $7.3 billion Southern Gas Pipeline project and $60 million in contracts with regional governments in Peru.
On 4 March 2016, former Brazilian President Luiz Inácio Lula da Silva was detained and questioned as part of a huge fraud inquiry into the state oil company Petrobras after his house was raided by federal police agents. Lula, who left office in 2011, denied allegations of corruption. The long-running inquiry known as Operation Car Wash, probed accusations of corruption and money laundering at Petrobras. Dozens of executives and politicians were arrested or investigated on suspicion of overcharging on contracts with Petrobras and kicking back part of the money for bribes and electoral campaign donations. Police said they had evidence that Lula, 70, received illicit benefits from the kickback scheme. Lula's institute said in a statement that "violence" against the former president was "arbitrary, illegal and unjustifiable", as he had been co-operating with the investigations. Lula was charged with money laundering and corruption and after his appeal was unsuccessful was arrested in 2018.] He would later be released in November 2019 by a Supreme Federal Court ruling.
Other politicians involved
Antigua and Barbuda
Executives running Odebrecht's bribery division secretly bought a majority share of Meinl Bank and used it to transfer funds to politicians' offshore accounts.
[ Prime Minister Gaston Browne denied receiving a bribe from Odebrecht in January 2016.
* Gustavo Arribas, director of Argentina's Federal Intelligence Agency under the government of Mauricio Macri.
* Juan Manuel Santos, Colombian president.
* Gabriel García, former Colombian minister of Transportation during the government of Álvaro Uribe."The attorney general has evidence that Mr. Garcia sought payment of $6.5 million to guarantee that Odebrecht was the company chosen for the Ruta del Sol Dos, excluding other competitors," attorney general told reporters.
* Óscar Iván Zuluaga, former Colombian minister of Finance during the government of Álvaro Uribe.
At least $92 million of the bribes Odebrecht has admitted making were paid in the Dominican Republic, and 14 people were charged with bribery or money laundering.
The Dominican Republic announced in February $184 million in fines — twice the amount of its illicit payments to win public works contracts between 2001 and 2014.
* Rafael Correa former president of Ecuador, 2007-2017. Sentenced to eight years of prison on April 7, 2020.
[Former President Correa is sentenced to 8 years in prison for the bribery case 2012-2016]
* Jorge Glas, former vice president of Ecuador. Sentenced to eight years of prison on April 7, 2020.
BBC Noticas Mundo, 7 Apr 2020
* Mauricio Rodas, Mayor of Quito (Ecuador) and leader of the SUMA party.
* Alejandro Sinibaldi, former minister of Transports.
* Manuel Baldizón, former deputy of Congress.
* Enrique Peña Nieto, Mexican president.
*An Odebrecht employee told a Brazilian court that he had been asked to pay a bribe to Emilio Lozoya Austin, then head of the Mexican state-owned oil company PEMEX.
The attorney-general of Panama has announced that 43 people suspected of involvement in the bribery scandal. Odebrecht is the largest government contractor in Panama, with contracts over 500 million, including a subway line in Panama City.
* Alan García, former Peruvian president (American Popular Revolutionary Alliance).
* Alejandro Toledo, former Peruvian president. Peru requested his extradition from the United States on charges of accepting $20 million in Odebrecht bribes.
* Ollanta Humala and Nadine Heredia, former Peruvian president and former Peruvian first lady, who have been detained for up to 18 months in connection with this scandal.
* Pedro Pablo Kuczynski, Peru's President from 2016 to 2018, who in December 2017 appeared before Congress to defend himself against impeachment over allegations of covering up illegal payments of $782m from Brazilian construction giant Odebrecht to Kuczynski's company Westfield Capital Ltd. Keiko Fujimori, who lost the 2016 presidential elections by a margin of fewer than 50,000 votes, is championing the motion; her party has already forced out five government ministers.
He resigned from his position on 22 March due to a scandal of bribing people to not vote for his vacancy for receiving money from Odebrecht.
* Nicolás Maduro, President of Venezuela.
* Henrique Capriles, opposition candidate at the 2012 and 2013 presidential elections.
On 5 November 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that Appleby managed 17 offshore companies for Odebrecht and at least one of them was used as a vehicle for the payment of bribes in Operation Car Wash. Some of these offshore companies are publicly known to operate for Odebrecht in Africa and be involved in bribes. Among those involved in the operation who are named in the papers are Marcelo Odebrecht, his father Emílio Odebrecht, and his brother Maurício Odebrecht.
;2009 ''Engineering News-Record'' magazine rankings:
* No. 18 The Top 225 International Contractors
* No. 34 The Top 225 Global Contractors
* No. 1 Hydro Plants
* No. 4 Sewerage and Solid Waste
* No. 4 Water Supply
* No. 1 Sanitary and Storm Sewers
* No. 5 Pipelines
* No. 5 Water Treatment and Desalinization
* No. 12 Transportation
* No. 5 Bridges
* No. 7 Highways
* No. 9 Mass Transit
* No. 6 Airports
* Adrienne Arsht Center for the Performing Arts
* American Airlines Arena
* FIU Stadium
* Garcon Point Bridge
* I-40 Interchange
* Merrill P. Barber Bridge
* Miami Metromover
* MIA Mover APM System
* Miami International Airport – north and south terminals, concourse A and E, FAA traffic control tower, Dolphin parking garage, cargo buildings
* Miami Metrorail Miami Intermodal Center-Earlington Heights Connector (in progress)
* Orlando International Airport – north taxiway and south terminal
* Ritz Carlton Hotel, Key Biscayne
* Seven Oaks Dam
* SR 826 Palmetto
* Limón Dam
History of Odebrecht on company website
3 generations of Odebrecht: Emílio, Marcelo and Norberto Odebrecht, with pictures
company news archived in 2012
Brazil's Odebrecht fined at least $2.6bn for bribery
Category:Conglomerate companies of Brazil
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Category:Companies based in Salvador, Bahia
Category:Construction and civil engineering companies established in 1944
Category:Energy companies established in 1944
Category:Non-renewable resource companies established in 1944
Category:1944 establishments in Brazil
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Category:Companies that have filed for bankruptcy in Brazil
Category:Holding companies established in 1944