May 4, 2017 / 12:41 AM / 2 years ago

Canada's Brookfield joining group of Oi bondholders: Bloomberg

FILE PHOTO - People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch

(Reuters) - Canada’s Brookfield Asset Management Inc (BAMa.TO) is joining a group of Oi SA’s (OIBR4.SA) bondholders being advised by Moelis & Co as the Brazilian telecommunications company restructures, Bloomberg reported on Wednesday citing sources.

Brookfield, Canada's largest alternative asset manager, joined the steering committee of the group last week, Bloomberg reported. (

Oi sought court protection from creditors last June on about 65 billion reais ($20.55 billion) in Brazil’s biggest-ever bankruptcy filing.

Brookfield and Oi were not immediately available for comment.

($1 = 3.1635 reais)

Reporting by Ahmed Farhatha in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below