Farallon Close to Buying Odebrecht Toll Road Operator

(Reuters) U.S. hedge fund Farallon Capital Management LLC is close to reaching a deal to buy a controlling stake in a toll road operator owned by Brazilian conglomerate Odebrecht SA [ODBES.UL] for about 1.5 billion reais ($403.58 million), a Brazilian newspaper reported on Wednesday. The negotiations were first reported in August.

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