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penske media

August 21, 2014

Odebrecht secures Columbian waterway contract; Penske Media purchases Fairchild from Conde Nast

Odebrecht secures €979 million waterway contract

Brazilian construction company Odebrecht, owned by the eponymous family, will take the lead on a 2.5 trillion peso (€979 million) joint venture to build shipping channels on Columbia’s Magdalena River. 

The deal will allow for 6 million tons of cargo transport each year. 

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