Telefonica Brasil sees delay to share issue

Tuesday 7 April 2015 | 10:51 CET | News
Telefonica Brazil said it may revise the timeline for its public offering of shares to finance the takeover of GVT. The company said it had been notified by securities regulator CVM of new requirements for allowing the bid registration, which will result in a delay to the preliminary prospectus. Telefonica Brasil will give a deadline of five working days for investors who have reserved shares in the offer to confirm their orders. Telefonica Brasil approved in late March the the issue of at least BRL 15.8 billion in shares. Most of the money will be used to finance the purchase of Brazilian

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Categories: General
Companies: GVT / Telefonica Brasil
Countries: Brazil
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