Brazil's Andrade Gutierrez tries to sell Cemig, other stakes-report
CEO Ricardo Sena told Folha de S.Paulo the group is negotiating acquisitions in the U.S. and British construction sectors as it turns away from public works in Brazil that dragged it into the country's biggest-ever graft investigation.
Andrade Gutierrez was one of the major engineering groups to reach a leniency deal with antitrust agency Cade in November, but Sena said progress has been slow in talks with federal auditing authorities that hold power over public contracts.
That includes stakes in state-controlled power utility Cia Energetica de Minas Gerais, or Cemig, call center operator Contax Participações SA and the Beira Rio stadium, home to soccer club Internacional, he said.
The asset sales could bring the group's debt down to 1.6 billion reais ($515 million) from 4 billion reais currently, Sena told the paper.
Press representatives for Andrade Gutierrez did not immediately respond to questions about the interview. ($1 = 3.11 reais) (Reporting by Brad Haynes; Editing by Jeffrey Benkoe)