Oi shareholders vote to approve new board

Oi shareholders vote to approve new board

RIO DE JANEIRO (Reuters) - 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)

(Reporting by Rodrigo Viga Gaier; Editing by Chizu Nomiyama)

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Updated Date: Sep 18, 2018 00:05:48 IST

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