Reuters logo
Brazil's Oi says units could face bankruptcy process in Netherlands
November 29, 2016 / 11:32 AM / in a year

Brazil's Oi says units could face bankruptcy process in Netherlands

SAO PAULO, Nov 29 (Reuters) - Brazil’s Oi SA said on Tuesday a court process protecting two of its subsidiaries in the Netherlands from creditors could be converted into a bankruptcy process in that country, potentially complicating Oi’s own court supervised reorganisation in Brazil.

The process in the Netherlands relates to Oi’s two investment vehicles based in that country - Oi Brasil Holdings Coöperatief UA and Portugal Telecom International Finance B.V.

“Oi hopes this does not impact significantly its in-court reorganization efforts in Brazil,” Oi said in a securities filing, referring to the possibility of a bankruptcy process in the Netherlands. (Reporting by Ana Mano; Editing by Mark Potter)

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