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Business News » World News

Oi shareholders vote to approve new board

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Updated: Mon, Sep 17, 2018
10:15 pm
Reuters
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Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details

Shareholders of Brazilian mobile phone operator Oi on Monday gave a nod of approval to new board chairman Eleazar de Carvalho and the rest of the slate of new board members proposed by the company.

The shareholders` meeting is a key step in sorting out the reorganized firm`s governance and formalising the 4 billion reais ($964 million) capital increase. It filed for bankruptcy protection in 2016 after buckling under 65 billion reais of debt.

($1 = 4.15 reais)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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