RIO DE JANEIRO, Sept 5 (Reuters) - Brazilian conglomerate Camargo Correa SA is looking to sell its construction and engineering division, and has sounded out China Communications Construction Company (CCCC) over a possible sale, business daily Valor Economico reported on Monday.
The report which cited a person familiar with the group’s actions and market sources, said a deal was far from done and did not give a price estimate for how much the division could fetch. Valor said French and Spanish companies may also be interested.
Camargo Correa is one of a number of construction companies implicated in a massive corruption scandal centered on state-run oil company Petrobras, leading to canceled contracts and severe losses.
Camargo Correa did not immediately respond to a request for comment.
A potential sale is complicated by the liabilities still hanging over the division in relation to continuing corruption investigations, Valor said.
Reporting by Stephen Eisenhammer, Editing by Franklin Paul