11 de noviembre de 2016 / 13:27 / en 10 meses

CORRECTED-Bondholders, Sawiris working on alternative plan for Brazil's Oi

(In last sentence, corrects to ... pledging to inject $1.5 billion ... not, ... pledging to inject $1.5)

SAO PAULO, Nov 11 (Reuters) - Egyptian billionaire Naguib Sawiris and some creditors of Oi SA have renewed their ties and are working on a post-bankruptcy protection plan for the Brazilian phone carrier that could be ready within 30 days.

In a joint statement released on Friday, a group that includes about 70 bond firms that are advised by Moelis & Co and Sawiris affirmed their rejection to a plan proposed by Oi’s management on Sept. 5. Reuters reported on Oct. 21 that Sawiris and the Moelis-led group had teamed up, pledging to inject $1.5 billion into Oi. (Reporting by Guillermo Parra-Bernal; Editing by Lisa Von Ahn)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below