BTG Pactual Takes Full Control of V.tal After Judge Overrides Creditor Veto

Key Points — A Rio de Janeiro court approved BTG Pactual’s R$4.5 billion ($849 million) bid for Oi’s 27.2% stake in V.tal — Brazil’s largest fiber-optic infrastructure company — overruling creditor objections and giving BTG 100% ownership — The deal values V.tal at roughly 14x EBITDA — but creditors, including PIMCO and Ashmore, argued the […] The post BTG Pactual Takes Full Control of V.tal After Judge Overrides Creditor Veto appeared first on The Rio Times.

BTG Pactual Takes Full Control of V.tal After Judge Overrides Creditor Veto

Key Points — A Rio de Janeiro court approved BTG Pactual’s R$4.5 billion ($849 million) bid for Oi’s 27.2% stake in V.tal — Brazil’s largest fiber-optic infrastructure company — overruling creditor objections and giving BTG 100% ownership — The deal values V.tal at roughly 14x EBITDA — but creditors, including PIMCO and Ashmore, argued the […]

The post BTG Pactual Takes Full Control of V.tal After Judge Overrides Creditor Veto appeared first on The Rio Times.