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Oi’s contract (OIBR3), the ‘unrealistic’ assumption about Vale (VALE3) and other highlights

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Oi’s operation needs approval from Cade and Anatel. (Image: Disclosure)

THE Hey 🇧🇷OIBR3) is one of the corporate highlights this Thursday (8) with the news that it celebrated, together with NK 108 – an affiliate of Highline do Brasil -, the sale of SPE Torres 2 worth up to R$ 1.69 billion.

The agreement, which had is one more announced by the company in the middle of the judicial recovery process. According to the company, up to R$ 1.08 billion will be paid on the closing date of the transaction.

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Another BRL 609 million, at most, will be paid by 2026, depending on the future amount of infrastructure items to be used after 2025 and other contractual conditions, Oi said.

“The proposal of NK 108 was the winner of the competitive procedure carried out on August 22, 2022, in compliance with the terms of the amendment to the Judicial recovery plan approved by the Court of the 7th Business Court of the Judicial District of the Capital of the State of Rio de Janeiro on October 2020”.

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According to Oi, the effective completion of the operation, with the transfer of shares representing the entire share capital of SPE Torres 2 to NK 108, is subject to compliance with the conditions precedent provided for in the contract.

Among the conditions are the approval of the operation by Cade and Anatel, recalled Oi.

In addition to Oi, what else stands out

Source: Moneytimes

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