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Brazil's Odebrecht Quits Argentine Subway Construction Project

by Reuters

   BUENOS AIRES --

   Scandal-hit Brazilian construction company Odebrecht said on Sunday it
   has sold its 33 percent stake in a massive subway project in
   Argentina's capital Buenos Aires, but vowed to keep working in the
   country.

   Odebrecht is involved in a sprawling corruption saga and has already
   paid $3.5 billion in settlements in the United States, Brazil and
   Switzerland, embroiling politicians across Latin America.

   "Present for 30 continuous years, Odebrecht plans to continue
   contributing to the development of Argentina in an ethical, integral
   and transparent manner," the construction company said in a statement
   emailed to Reuters.

   In July the Argentine justice system banned Odebrecht from bidding on
   new projects in the country a period of one year.