LISBON, January 13 (Reuters) – Shares of Portugal Telecom SGPS (PT) are in sharp decline, but well above the lows on the stock exchange, after the postponement of the vote on the green light to the sale of the assets of the Brazilian Portuguese Oi to Altice. The delay complicates the implementation of the cartel by 7.4 billion euro between Oi and the telephone company Altice and could cast doubts on the merger PT-Oi. The sale of the Portuguese to Altice is subject to the green light of the shareholders PT. And, in recent days the president of the PT, after proposing to cancel the vote on the transaction with Altice, originally scheduled yesterday, said that the agreement for the merger Oi-PT is not valid. PT, once owned asset Portuguese, after the merger with the Brazilian company has no operational activities, but it is the largest shareholder of Oi, with 25.6% of the capital. Oi said yesterday that supports the adjournment of the PT, necessary to provide further information requested by the Portuguese CMVM bag. Yesterday, shares of Oi to the stock exchange of São Paulo fell by 13%, on a day in which PT was suspended. At 12.40 the shares in PT Lisbon lost 3.2% to 69.4 cents, after a new low of 62. 9. The transaction with an offer of Oi Altice favor of Tim Brasil, a subsidiary of Telecom Italy, or an integration of the two Brazilian companies. More …
No comments:
Post a Comment