Rede Perp Holders Oppose Sale Plan

Rede Perp Holders Oppose Sale Plan

Brazil Bonds Corporate & Sovereign Strategy M&A

A group of investors representing more than 25% of Grupo Rede’s perpetual bonds have formed a group to oppose the process by which Brazil’s government is selling the troubled company’s assets. The holders claim that the government’s approach to selling the assets – exclusive negotiations with Equatorial Energia – diminishes the value received for them. “It is widely known that there are other highly qualified investors who are interested in the Rede assets. But these investors are not being give

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