Oi SA Launches Judicial Sale of Isolated Production Units Amid Court-Approved Restructuring
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Oi S.A. is conducting a judicial sale of its Isolated Production Units (UPIs) as part of its court-approved restructuring process. The 7th Business Court in Rio de Janeiro has announced that the sale will occur through a competitive bidding process, adhering to Brazilian bankruptcy law. Interested buyers must meet specific qualifications, including providing an irrevocable letter of credit and complying with the terms of Oi's Judicial Reorganization Plan. This decision follows the court's ratification of the plan and authorization for the sale.
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