Brazil's Odebrecht proposes to creditors to swap debt for equity instruments - statement
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SAO PAULO (Reuters) - Brazilian conglomerate Odebrecht SA, which has been in bankruptcy protection since June, has proposed to creditors a swap of their debt for instruments similar to equity, according to a statement on Monday. The instruments would give creditors the rights to receive proceeds of the asset sales and future profits of the companies controlled by the conglomerate.