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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