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The Nexus
BUSINESSJun 29 · 08:23 UTCTHE RIO TIMESRichard Mann

Court Suspends Oi’s US$870M V.tal Stake Sale to BTG Funds

A Rio appeals court suspended the approval of Oi's sale of its 27.5% stake in V.tal to funds managed by BTG Pactual for R$4.5 billion (US$870 million). Creditors including PIMCO, SC Lowy, and UMB Bank appealed, claiming the sale price was insufficient.

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Mentioned
OiorganizationV.talorganizationBTG PactualorganizationPimcoorganizationSC LowyorganizationUMB BankorganizationRio appeals courtorganization
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