OAS S.A. (OAS group)
Brazilian construction company investigated in Lava Jato; filed for judicial reorganization in March 2015. Later successors (Metha, Coesa) were not verified.
On the timeline
Evidence
OAS filed for judicial reorganization of nine group companies on March 31, 2015, in the São Paulo courts, with total group debt of R$9.2 billion, of which R$8 billion was included in the filing; management attributed the filing to severe credit restrictions since the end of 2014.
Source: OAS pede recuperação judicial de nove empresas (Zero Hora, reproduzida pela CBIC) — Zero Hora / CBIC, Apr. 1, 2015 · Zero Hora report of April 1, 2015, republished by CBIC · open original ↗
On January 14, 2015, Estado de Minas reported that OAS, named as part of the Petrobras construction cartel, was expected to file for judicial reorganization within the following two weeks, with debt of R$7.7 billion; the filing was only made on March 31, 2015.
Source: Empreiteira envolvida em cartel na Petrobras vai pedir recuperação judicial — Estado de Minas, Jan. 14, 2015 · News report of January 14, 2015 · open original ↗
Paula and Moura (2019), citing data from the newspaper O Empreiteiro, state that between 2015 and 2016 the gross revenues of Queiroz Galvão, Andrade Gutierrez, and Camargo Corrêa fell, respectively, 37%, 31%, and 39%; that Odebrecht went from gross revenue of R$107 billion, 168,000 employees, and operations in 27 countries (2014) to R$82 billion, 58,000 employees, and 14 countries (2017); and that the consolidated financial assets of Queiroz Galvão, OAS, Andrade Gutierrez, and Camargo Corrêa went from R$25.77 billion (2014) to about R$8.041 billion (2017), a drop of 68.6%.
Source: Consequências econômicas da Operação Lava-Jato (artigo de opinião) — Valor Econômico (copy hosted at bresserpereira.org.br), Aug. 28, 2019 · Full text, section on the largest contractors · open original ↗