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General

Oi confirms talks with Cerberus, no contact with Sawiris

Thursday 8 December 2016 | 17:47 CET | News
Brazilian operator Oi confirmed an agreement to enter talks with Cerberus on a possible investment in the company, but said no firm proposal had been made yet. The company issued the statement after a request from the stock market regulator for a clarification of press reports. Oi said that it was approached by representatives of the Cerberus fund with the intent of assessing opportunities with Oi, and both parties having signed a confidentiality agreement to exchange information. However, no proposal has been made to Oi regarding a potential transaction. Oi clarified further that it was

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Categories: General
Companies: Oi
Countries: Brazil
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