January 2, 2019 / 9:46 AM / 21 days ago

Brazil's Odebrecht to pay 161.9 million reais to Eletrobras in new leniency deal

The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil August 3, 2018. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Brazilian construction conglomerate Odebrecht SA [ODBES.UL] has agreed to pay 161.9 million reais (£32.8 million) to Centrais Eletricas Brasileiras SA (ELET6.SA) in a deal with authorities to help settle corruption allegations against it, according to a securities filing on Wednesday.

Eletrobras, as the state-run power holding company is known, said the payment refers to losses in relation to the construction of Santo Antonio and Belo Monte hydroelectric dams. In 2016, Odebrecht acknowledged in a leniency deal that it had bribed officials in a dozen countries to secure public works contracts.

Reporting by Carolina Mandl, editing by Louise Heavens

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