April 26, 2019 / 10:05 PM / a year ago

Mexico bans Brazil's Odebrecht from participating in federal contracts

MEXICO CITY, April 26 (Reuters) - Mexico has prohibited Brazilian construction conglomerate Odebrecht SA from participating in public federal contracts, Mexico’s public administration ministry said on Friday.

State-owned entities, such as oil firm Pemex, are banned from entering into a contract with Odebrecht or receiving proposals from the firm for a period of three years, the ministry said in a statement. (Reporting by Daina Beth Solomon Editing by Anthony Esposito)

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