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Announced

BTG Pactual to acquire a 57.9% stake in InfraCo from Oi for $2.46bn.

Synopsis

BTG Pactual, a Brazilian investment bank, agreed to acquire a 57.9% stake in InfraCo, a fiber optic business of Oi, a fixed telephone operator, for $2.46bn. Enel and Cinven-backed Ufinet Telecom also submitted a nonbinding offer to acquire InfraCo.

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