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General

Oi board approves conditions for capital increase

Wednesday 7 March 2018 | 13:05 CET | News
The board of directors of Brazilian operator Oi approved the conditions for a capital increase through the issue of new shares and warrants for the debt of qualified bondholders. The company will issue a minimum of 1.03 billion and a maximum of 1.75 billion new common shares, at a price of BRL 7.00 per share, corresponding to a total of at least BRL 7.27 billion and at most BRL 12.29 billion. The total number of common shares and subscription warrants will depend on the result of the share of bondholders opting for the swap. The deadline for their acceptance was extended to 8 March.

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Categories: General
Companies: Oi
Countries: Brazil
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