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Founded Year

1944

Stage

Corporate Minority | Alive

Total Raised

$1.25B

Valuation

$0000 

Last Raised

$1.25B | 3 yrs ago

About Novonor

Novonor is a Brazilian conglomerate that engages in infrastructure, industrial engineering, oil and gas, real estate development, environmental, shipyard, agro-industrial, property, transport, defense and technology, and energy generation businesses worldwide.

Headquarters Location

Av. Luís Viana, 2841 Edifício Odebrecht, Paralela

Salvador, 41730-900,

Brazil

(55 71) 2105 1111

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Novonor Patents

Novonor has filed 19 patents.

The 3 most popular patent topics include:

  • arm architecture
  • drilling technology
  • lean manufacturing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/5/2019

9/21/2021

Petroleum production, Oil wells, Drilling technology, ARM architecture, Lean manufacturing

Grant

Application Date

12/5/2019

Grant Date

9/21/2021

Title

Related Topics

Petroleum production, Oil wells, Drilling technology, ARM architecture, Lean manufacturing

Status

Grant

Latest Novonor News

Brazil top court orders Novonor to keep paying some installments on corruption fines

Feb 10, 2024

Brazil top court orders Novonor to keep paying some installments on corruption fines February 09, 2024 at 06:11 pm EST Share BRASILIA (Reuters) - The Brazilian Supreme Court said on Friday that Novonor must continue to pay part of the installments on fines charged to the conglomerate in a leniency deal for corruption offenses, even after some payments were suspended last week. The decision clarifies last week's ruling: since Novonor made two leniency agreements in Brazil, it was murky which fines the firm could stop paying and which it could not. A 2.7 billion-real ($545.27 million) fine, agreed in 2018 in a leniency agreement with comptroller general's office, must continue to be paid, according to the decision. It was not clear how much of the amount Novonor had already paid. The conglomerate, previously known as Odebrecht, has signed separate leniency agreements with Brazil's federal prosecutors and the comptroller general's office over corruption scandals in which the construction company paid bribes to politicians in return for lucrative contracts. Supreme Court Judge Dias Toffoli ordered suspension of the payments due to alleged abuses committed by prosecutors when the terms of the deal were signed. On Friday, the same judge issued another decision saying the payments suspension includes only the leniency agreement signed with prosecutors, which was valued at a total of 3.8 billion reais in 2016. The amount has likely grown since then, and it was also not clear how much the firm has already paid. The agreement that remains valid, with comptroller general's office, was originally valued at 2.7 billion reais. But it too has likely grown due to a currency adjustment mechanism that is part of the deal. Novonor is evaluating the judge's decision, it said in a statement. Toffoli noted he will reassess some leniency agreements, including Novonor's, over the next 60 days. ($1 = 4.9517 reais) (Reporting by Ricardo Brito; Additional reporting by Maria Carolina Marcello; Writing by Andre Romani; Editing by David Alire Garcia and David Gregorio) Share

Novonor Frequently Asked Questions (FAQ)

  • When was Novonor founded?

    Novonor was founded in 1944.

  • Where is Novonor's headquarters?

    Novonor's headquarters is located at Av. Luís Viana, 2841, Salvador.

  • What is Novonor's latest funding round?

    Novonor's latest funding round is Corporate Minority.

  • How much did Novonor raise?

    Novonor raised a total of $1.25B.

  • Who are the investors of Novonor?

    Investors of Novonor include Kieppe Participacoes.

  • Who are Novonor's competitors?

    Competitors of Novonor include Lavoro and 5 more.

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