February 2, 2018 / 10:21 AM / 4 months ago

Brazil's Oi will not hold Feb 7 shareholder meeting -filing

SAO PAULO, Feb 2 (Reuters) - Oi SA will not hold an extraordinary shareholder meeting on Feb. 7, the Brazilian telecoms company said in a securities filing on Friday.

Holding the meeting would be contrary to a recent decision by the Rio de Janeiro bankruptcy court which is overseeing its bankruptcy process, it said.

The judge overseeing the restructuring approved Oi’s debt restructuring plan on Jan. 8 and called a proposed shareholders meeting “absolutely unnecessary”. (Reporting by Ana Mano; editing by Jason Neely)

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