August 9, 2016 / 11:27 PM / 2 years ago

Brazil's Oi seeks bankruptcy protection for Netherlands unit

SAO PAULO, Aug 9 (Reuters) - Brazilian phone carrier Oi SA has filed a bankruptcy protection request before a Dutch court for Netherlands-based subsidiary Oi Brasil Holdings Coöperatief UA.

In a Tuesday securities filing, Oi said that the Amsterdam-based court also appointed a trustee for the Oi Brasil Holdings unit under the so-called “suspension of payments” procedure, confirming a Reuters report earlier in the day. (Reporting by Ana Mano and Guillermo Parra-Bernal; Editing by Sandra Maler)

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