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Brazil Builder Collapse Jeopardizes World Cup Stadiums

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Brazilian construction company OAS’s bankruptcy filing, amid allegations it bribed officials at state-owned oil company Petroleo Brasileiro SA, puts in doubt the future of two stadiums built for last year’s World Cup.

OAS said in a statement Tuesday it is selling its 50 percent stake in the company that operates the Fonte Nova Arena in Salvador. Odebrecht SA owns the other half of the management company. OAS is also selling the operation it set up to run the Arena das Dunas in Natal, which it built.