Portugal Telecom Board Discussed Taking Legal Action Against BES
2014-07-16 17:40:15.357 GMT
By Henrique Almeida
July 16 (Bloomberg) -- Portugal Telecom’s board discussed
the possibility of taking legal action against Banco Espirito
Santo in a meeting it held about Rioforte commercial paper,
Portuguese newspaper Expresso reports, without saying how it got
the information.
* BES has a partnership agreement with Portugal Telecom and
has always advised co. on its investments: Expresso
* BES also advised Portugal Telecom on its investment in
Rioforte commercial paper: Expresso
* NOTE: Portugal Telecom, in coordination with Oi, will pursue
legal options against Rioforte to secure repayment of debt,
PT said in a statement earlier today
* NOTE Earlier: Oi Shares Advance After Portugal Telecom
Merger Is Rescued {NSN N8TDDH6S972W <go>}
* NOTE July 15: Rioforte Said to Plan Request for Protection
from Creditors {NSN N8RHI86JTSF3<Go>}
* Link to report (in Portuguese): http://tinyurl.com/optncm3
Link to Company News:{PTC PL <Equity> CN <GO>}
Link to Company News:{BES PL <Equity> CN <GO>}
Link to Company News:{ESF PL <Equity> CN <GO>}
Link to Company News:{OIBR4 BZ <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Henrique Almeida in Lisbon at +351-21-340-4634 or
halmeida5@bloomberg.net
To contact the editor responsible for this story:
Anabela Reis at +351-21-340-4650 or
areis1@bloomberg.net
2014-07-16 17:40:15.357 GMT
By Henrique Almeida
July 16 (Bloomberg) -- Portugal Telecom’s board discussed
the possibility of taking legal action against Banco Espirito
Santo in a meeting it held about Rioforte commercial paper,
Portuguese newspaper Expresso reports, without saying how it got
the information.
* BES has a partnership agreement with Portugal Telecom and
has always advised co. on its investments: Expresso
* BES also advised Portugal Telecom on its investment in
Rioforte commercial paper: Expresso
* NOTE: Portugal Telecom, in coordination with Oi, will pursue
legal options against Rioforte to secure repayment of debt,
PT said in a statement earlier today
* NOTE Earlier: Oi Shares Advance After Portugal Telecom
Merger Is Rescued {NSN N8TDDH6S972W <go>}
* NOTE July 15: Rioforte Said to Plan Request for Protection
from Creditors {NSN N8RHI86JTSF3<Go>}
* Link to report (in Portuguese): http://tinyurl.com/optncm3
Link to Company News:{PTC PL <Equity> CN <GO>}
Link to Company News:{BES PL <Equity> CN <GO>}
Link to Company News:{ESF PL <Equity> CN <GO>}
Link to Company News:{OIBR4 BZ <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Henrique Almeida in Lisbon at +351-21-340-4634 or
halmeida5@bloomberg.net
To contact the editor responsible for this story:
Anabela Reis at +351-21-340-4650 or
areis1@bloomberg.net