Odebrecht group ready to return $5 billion pipeline contract to Peru

A consortium controlled by Brazilian builder Odebrecht S.A. will miss a financing deadline on Monday for a natural gas pipeline project in Peru and awaits government notification that it will lose the $5 billion contract, the company said on Friday. Odebrecht, a family-owned conglomerate at the center of a growing bribery scandal in Latin America, has spent months trying to sell its 55 percent in the project as a condition from banks that would provide $4.1 billion for construction. Shares of Pe