Pharol Fights Back Against Oi Minority Shareholder Claims

Portuguese holding company Pharol, the largest shareholder in Brazilian distressed telco Oi, is taking action to defend itself from the accusations put forward by opportunistic minority shareholder Société Mondiale, which has called for two shareholders meetings on September 8 to discuss, among other items, the replacement of Pharol-linked board members.

Pharol, which holds a 27.5% stake in Oi, is “looking carefully at the situation,” a Portuguese lawyer representing a number of Oi

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Valeria Camerino

Valeria Camerino

Valeria Camerino began reporting for CTFN in September 2015 and has covered various regulatory agencies such as the European Commission, CADE, the Competition Commission of South Africa, and others. Prior to joining CTFN, Valeria was a Senior Reporter at London-based TelecomFinance, where she wrote about telecom M&A, financing, and regulation across Southern Europe and Latin America, providing proprietary intelligence and analysis on the latest industry developments. Before that, she worked as Middle East correspondent at Mergermarket, where she covered corporate M&A. Valeria has held editorial positions for Dubai-based Climate Control Middle East, MEGAWHAT, and Security Advisor Middle East. She holds a B.A. in Languages and Public Relations from Leeds Beckett University and an M.A. in International Journalism from University of Central Lancashire.


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