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General

Telefonica Brasil shareholders approve restructuring

Monday 4 April 2016 | 16:19 CET | News
Telefonica Brasil announced that its Extraordinary Shareholders Meeting approved the restructuring involving the company, its wholly-owned subsidiary GVT Participacoes and a company controlled by the latter, Global Village Telecom. The corporate restructuring approved does not result in a capital increase or change in ownership of the company's shareholders, and, therefore, there is no need to talk about exchange ratio of shares or withdrawal rights.

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