Judge In Charge Of Oi Group Recovery Approves Multiple Asset Sale, Including That Of 5 Data Centers Being Executed By Piemonte Holding

SAO PAULO, Oct. 6, 2020 /PRNewswire/ — Fernando Viana, the Rio de Janeiro court judge in charge of Oi Group (OIBR.C) judicial recovery, approved a multiple asset sale of R$22 billion last Monday (5), following Creditors support. The deal includes 5 Data Centers being purchased by Brazilian financial group Piemonte Holding.

Judicial approval of Oi Group asset sale (Data Centers, Oi Mobile and Towers) comes after the creditors general assembly held in September, and a statement from Rodrigo Abreu, CEO of Oi, on Friday, October 2nd, saying that the sale to Piemonte Holding, as well as the others, are a “deal done, with few steps remaining.”

The important approval from Judge Fernando Viana also comes right after a shareholders meeting of Piemonte Holding financial group ensured and expanded support to the acquisition from Oi in Judicial Recovery.

Other than voting on Oi deal support, Piemonte Holding

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Nordic Asset Manager NREP Raises $2.2 Billion in Real Estate Bet

Mortgage Banks And Residential Housing As Denmark Readies For Debt Refinancing

Photographer: Freya Ingrid Morales/Bloomberg

Nordic Real Estate Partners A/S, an alternative asset manager based in Copenhagen, has raised $2.2 billion for a new fund that will invest primarily in housing and care homes across Scandinavia.

NREP brought in a number of major pension funds, including New York State Common Retirement Fund, Los Angeles City Employees’ Retirement System (Lacers) and Denmark’s Industriens Pension, which oversees about $30 billion.

“In the current pandemic, Nordic real estate is attractive for global investors,” Chief Executive Officer Claus Mathisen said in an interview.

Mathisen says the region’s fabled welfare model, as well as its flexible labor market, make it stand out in a world struggling to handle the Covid crisis. According to the latest central bank estimates, Scandinavian economies will all contract less than 4% this year, compared with an 8% slump in the euro zone.

NREP is targeting returns

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