SAO PAULO, Oct. 6, 2020 /PRNewswire/ -- Fernando Viana, the Rio de Janeiro court judge in charge of Oi
Group (OIBR.C) judicial recovery, approved a multiple asset sale of
R$22 billion last Monday (5),
following Creditors support. The deal includes 5 Data Centers being
purchased by Brazilian financial group Piemonte Holding.
Judicial approval of Oi Group asset sale (Data Centers, Oi
Mobile and Towers) comes after the creditors general assembly held
in September, and a statement from Rodrigo
Abreu, CEO of Oi, on Friday, October
2nd, saying that the sale to Piemonte Holding, as well as
the others, are a "deal done, with few steps remaining."
The important approval from Judge Fernando Viana also comes right after a
shareholders meeting of Piemonte Holding financial group ensured
and expanded support to the acquisition from Oi in Judicial
Recovery.
Other than voting on Oi deal support, Piemonte Holding
shareholders, in view of management complexities created by the
pandemic, and in order to improve and enhance corporate governance
due to the non-organic growth coming from this acquisition, also
appointed two new independent members in the company's Board of
Directors: Julia Otero and
Alvaro Monteiro. The two will join
the Board, now enlarged to five members. The Board is chaired since
2017 by Julia Dias Leite.
The shareholders meeting also determined that audited net income
of R$47 million in fiscal year 2019
will be allocated to investment and capital reserves, waiving any
dividend.
The new Board was informed of the operating result of Piemonte
Holding of R$17 million in the first
half of 2020 and approved projects in blockchain technology to be
presented to the market later this year.
"The shareholders of Piemonte Holding provided continuity and
assurance to the accelerated growth of the Group with a larger
board, more independent and more interdisciplinary. Today we
confirmed the long-term strategic guidelines designed years ago:
digital innovation and internationalization, based on Piemonte
values, which are business ethics and determination in the pursuit
of excellence. The appointment of Julia Otero and Admiral Monteiro to the board,
together with the renewed confidence in me; in the counselor
Eduardo Marinho and in the CEO
Alessandro Lombardi, who continues
to exceed expectations year after year in challenging market
conditions, shows the long-term strength of a successful investment
project," said Julia Dias
Leite.
Board of Directors of Piemonte Holding:
Julia Dias Leite (40), Chairman
of the Board, is also executive president of CEBRI (Brazilian
Center for International Relations), the most reputable think tank
for international relations in Latin
America. She is also fellow of the Inter-American Dialogue
and alumni of the International Leadership Program of the US
Department of State in Washington.
Eduardo Marinho Christoph (44), a
nuclear physicist, venture capitalist, owner of innovative
companies such as Cognitec (German company which is European leader
in the facial recognition technology) and Primasea (submarine
natural fertilizer mining company). Eduardo has also served on
Infoglobo's board of directors for eight years.
Professor Alvaro Monteiro (73) is
a retired 4-star Admiral and President of the Center for Strategic
Political Studies of the Brazilian Navy. A former assault marine
and now a political scientist, he has dedicated himself, among
others, to strategic studies in the South Atlantic region and in
the development of Olympic sport in the armed forces.
Julia Otero (39) is an investor
with more than twenty years of experience in capital markets,
focusing on private equity in the entertainment, media, and
communication sectors, in Brazil
and California. Julia is married,
has three children, and graduated in Fine Arts from Parsons School of Design in New York.
Alessandro Lombardi (44),
economist, CEO and founder of Piemonte. Married and father of
three, he has been director of Piemonte group since its foundation
in 2012, together with Marco Girardi
(62), CFO of Piemonte. Marco, before being a director of Piemonte,
has been c-level executive of Telecom Italia for more than 30
years.
