Aurelius Said to Amass Oi Stock as Bankruptcy Battle Deepens

Updated on
  • Volume surged following word of telecom company’s bankruptcy
  • Unlike U.S., stockholders tend to drive Brazilian negotiations

Aurelius Capital Management is scooping up shares of Oi SA to bolster the hedge fund’s position in negotiations to restructure $19 billion of debt at the struggling Brazilian telephone company, people with knowledge of the matter said. 

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