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Sete Brasil to seek bankruptcy protection

Stakeholders in Brazilian rig-building firm Sete Brasil have voted to seek bankruptcy protection, akin to Chapter 11 proceedings in the US.

Close to completion: the semi-submersible Urca is being built at the BrasFels shipyard
Close to completion: the semi-submersible Urca is being built at the BrasFels shipyard
  • Gareth Chetwynd
Published 21 April 2016, 00:44Updated 18 October 2016, 04:59
Americas