Brazil's Oi appoints two board members for management

Pharol SGPS SA

03/11/2017 20:12

SAO PAULO, Nov 3 (Reuters) - Brazil's Oi SA  OIBR4.SA  has 
appointed two board members, Hélio Costa and João Ribeiro, as 
directors in the debt-laden carrier.  
    Costa was appointed to the board last year by influential 
minority shareholder Nelson Tanure, through his fund Societé 
Mondiale. Tanure, allied with major shareholder Pharol SGPS SA 
 PHRA.LS , is in talks with creditors to restructure the 
company's $20 billion debt.  
 
 (Reporting by Tatiana Bautzer; Editing by Chris Reese) 
 ((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob: 
+55-119-4210-4173; Reuters Messaging: 
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Keywords: OI SA RESTRUCTURING/