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Brazilian judge delays Oi creditor assembly to Dec. 7
November 9, 2017 / 6:12 PM / in a month

Brazilian judge delays Oi creditor assembly to Dec. 7

BRASILIA/SAO PAULO, Nov 9 (Reuters) - The Brazilian judge overseeing the debt restructuring of telecommunications firm Oi SA has delayed a creditors assembly scheduled for Friday to Dec. 7, allowing banks, regulators, bondholders and shareholders more time to reach a consensus.

Judge Fernando Viana previously had delayed the assembly from Oct. 23 to this week, as stakeholders presented competing plans to restructure 65 billion reais ($20 billion) of debts in Latin America’s biggest-ever bankruptcy protection process.

$1 = 3.26 reais Reporting by Leonardo Goy in Brasilia and Alberto Alerigi Jr. in Sao Paulo; Editing by Paul Simao

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