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General

Orascom seeks two of nine seats on Oi's board

Tuesday 27 December 2016 | 10:53 CET | News
Orascom TMT Investments will have two of the nine seats available on the board of Brazilian telephone company Oi, if its proposal to buy the company is successful, Orascom representative Karim Nasr told Reuters. The remaining seats would be filled by four independent people and three nominees of new shareholders, especially Oi's creditors who agree to take part in a capital injection.

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Categories: General
Companies: Oi
Countries: Brazil
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