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General

Sawiris, Oi bondholders propose new investment plan

Monday 19 December 2016 | 09:56 CET | News
The Egyptian billionaire Naguib Sawiris and a group of Oi's bondholders have submitted an alternative restructuring plan for the Brazilian operator. In a statement, the group advised by Moelis & Co said their plan will provide new capital and management expertise for the company, and unlike Oi's own debt restructuring plan submitted in September, would gain swift approval from the company's creditors. The ad hoc group of export credit agencies, facility agencies and banks represented by FTI Consulting already expressed support for the alternative plan.

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Categories: General
Companies: Oi
Countries: Brazil
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