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General

Oi to meet with creditors next week

Wednesday 7 December 2016 | 15:38 CET | News
Oi CEO Marco Schroeder said that he plans to meet with large groups of creditors and those potentially interested in the Brazilian operator next week in an effort to accelerate efforts to help the operator emerge from the judicial recovery process. In an interview with Reuters, Schroeder said that Oi's major shareholders and directors are "more open" to relinquishing a three-year restriction on creditors who swap debt for shares in the company, which Oi included in its reorganization plan presented in September. The operator could discuss the terms of a direct exchange of debt for shares at

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Categories: General
Companies: Oi
Countries: Brazil
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