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Vote on bankruptcy restructuring plan for Brazil's Odebrecht postponed to Dec 10

Credit: REUTERS/AMANDA PEROBELLI

Creditors for Brazilian conglomerate Odebrecht SA decided on Wednesday to postpone the vote on the company's bankruptcy restructuring plan until Dec 10.

SAO PAULO, Dec 4 (Reuters) - Creditors for Brazilian conglomerate Odebrecht SA decided on Wednesday to postpone the vote on the company's bankruptcy restructuring plan until Dec 10.

Creditors on Wednesday only reached a quorum to vote on the restructuring plans for 5 of 21 subsidiaries that have joined the bankruptcy protection proceeding. Odebrecht has been embroiled in sweeping corruption scandals throughout Latin America.

(Reporting by Carolina Mandl in Sao Paulo)

((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))

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