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Posts Tagged ‘Portugal Telecom SGPS SA’

Brazilian board members of Portugal Telecom quit over debt buy: paper

03
Jul
2014

Two Brazilian board members of Portugal Telecom resigned after learning of 897 million euros ($1.22 billion) of short-term investments the company made without consulting them, newspaper Valor Economico reported on Wednesday. The Portuguese company invested in debt issued by Rioforte, a firm controlled by the owners of Espirito Santo Group, which is a major shareholder […]

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Brazil watchdog lifts suspension of Oi offer, paves way for merger

02
Apr
2014

By Joan Magee and Guillermo Parra-Bernal NEW YORK/SAO PAULO (Reuters) – Brazils securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SAs 6 billion real ($2.7 billion) share offering, paving the way for the Brazilian telecommunications companys merger with Portugal Telecom SGPS SA. Regulators last week halted the offering after Oi Chief […]

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