Queiroz Galvão Group
Business group with a construction company and energy and oil and gas companies (Constellation, QGE). A judicial reorganization filing by the construction company was not found in the sources consulted.
On the timeline
Evidence
On November 28, 2018, InfoMoney reported that Constellation, an oil and gas company of the Queiroz Galvão group (family-owned, 74%), was preparing a judicial reorganization filing with debt of US$1.7 billion, attributing the loss of cash to the Lava Jato investigations and the fall in oil prices, which led Petrobras to cut spending on renewing rig leases; seven of its eight rigs would be idle.
Source: Empresa de óleo e gás da Queiroz Galvão prepara recuperação judicial — InfoMoney, Nov. 28, 2018 · News report of November 28, 2018 · 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 ↗