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Oi Seeking More Information on PT Purchase of Rioforte Debt

Oi SA said it wasn’t aware that merger partner Portugal Telecom SGPS SA had purchased debt issued by Rioforte, a holding company that’s selling assets amid speculation it may be unable to pay its bills.

Oi, the Brazilian telephone company, is asking for more information about Portugal Telecom’s April purchase of 897 million euros ($1.22 billion) in commercial paper from Rioforte, according to a regulatory filing today. Rioforte is owned by Grupo Espirito Santo, or GES, one of Portugal Telecom’s largest shareholders with a 10 percent stake, according to data compiled by Bloomberg.