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Tag: portugal
Pulp Producer Altri Celbi, Portugal, Achieves World Record Once Again With ANDRITZ Technology
2014-08-01 13:21:43| pulpandpaperonline News Articles
Altri Celbi increased its production capacity from an average of 2,000 tons per day (air dry metric tons) to a peak value of 2,150 tons per day at the Leirosa mill, Portugal, on July
Tags: world
technology
record
portugal
PORTUGAL: La Martiniquaise-Bardinet opens Porto Cruz winery
2014-07-28 17:10:00| Daily beverage news and comment - from just-drinks.com
La Martiniquaise-Bardinet has added six-million litres to its Port capacity with the launch of a new Portuguese winery.
Tags: portugal
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Vodafone, Portugal Telecom to share fibre
2014-07-21 02:00:00| Total Telecom industry news
Vodafone's integrated services strategy rumbles on with 25-year deal that extends its reach to a further 450,000 homes in Portugal.
Tags: share
portugal
telecom
vodafone
Portugal Telecom Confirms Espirito Santo Default
2014-07-16 14:36:49| IT Services - Topix.net
Portugal Telecom SGPS SA confirmed Wednesday that it didn't receive the repayment of a a 847 million debt from a unit of troubled bank EspA rito Santo International SA, and the terms of its merger with Brazil's Oi SA have been revised because of that.
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default
telecom
santo
Portugal Telecom agrees smaller stake in Oi merger
2014-07-16 09:31:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom has agreed to a smaller stake in its merger with Brazil's Oi, after Rioforte defaulted on its debt owed to PT. The company confirmed that Rioforte, a company of Espirito Santo Group (GES), failed to pay the EUR 847 million due on 15 July, of the EUR 897 million in short-term debt outstanding at PT. Espirito Santo holds a 10 percent stake in PT, and the Portuguese operator has defended the investment as treasury management. The Rioforte debt is held in subsidiaries contributed to Oi in May, but two representatives of the Brazilian group stepped down from the PT board after the risky nature of the debt came out due to GES financial problems. The two operators have now agreed to a series of options to reapportion the debt across the two groups and revise their new shareholdings, in order to complete the merger as soon as possible. Portugal telecom shareholders will hold just 25.6 percent in the merger company CorpCo, down from as much as 39.6 percent under previous agreements. This could increase later if any of the Rioforte debt is recovered. PT said it plans to take legal action against GES, with the support of Oi.
Tags: portugal
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