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Pharol SGPS SA (PHRA.LS)

PHRA.LS on Lisbon Stock Exchange

0.23EUR
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Pharol Says Discovery Capital Management Decreases Stake To 4.89 Pct
Thursday, 11 Jan 2018 10:58am EST 

Jan 11 (Reuters) - PHAROL SGPS SA ::DISCOVERY CAPITAL MANAGEMENT NOW HOLDS 4.89 PERCENT OF VOTING RIGHTS VERSUS PREVIOUSLY STATED 5.14 PERCENT.  Full Article

Pharol says ready for major dilution in Oi, to go along with cash call
Friday, 24 Nov 2017 11:46am EST 

Nov 24 (Reuters) - Portugal's holding company Pharol Sgps Sa ::CEO Luis Palha da Silva says Pharol is ready for a significant dilution of its stake in Brazil's troubled telecoms giant Oi under the latest restructuring plan.nL1N1NR02U.Pharol will seek to keep a large stake in Oi, wants to take part in a capital increase..Pharol is the largest shareholder in Brazil's troubled telecom group Oi, where it holds a 27.2 percent stake..Pharol will ponder various options, consider financial instruments to come up with cash for the capital increase..Laments a lack of cooperation of some Oi bondholders..Says the latest plan answers bondholder concerns..  Full Article

Pharol informs on potential court action by insolvent Espirito Santo International
Wednesday, 15 Nov 2017 06:12am EST 

Nov 15 (Reuters) - PHAROL SGPS SA ::INFORMED ON TUESDAY ON POTENTIAL COURT ACTION BY ESPIRITO SANTO INTERNATIONAL ("IN INSOVENCY") (ESI).SAYS RECEIVERS OF ESI DECLARE THAT SUCH INSOLVENT ENTITY WILL FILE A COURT ACTION AGAINST PHAROL, CLAIMING REIMBURSEMENT OF 750 MILLION EUROS.SAYS THE RECEIVERS OF ESI DO NOT DISCLOSE THE REASONS FOR SUCH REQUEST.SAYS DOES NOT OWE ANY AMOUNTS TO ESI AND WILL WAIT TO BE NOTIFIED OF THE ANNOUNCED COURT ACTION.SAYS HAS A CREDIT OVER RIO FORTE SA ("IN INSOLVENCY") FOR THE AMOUNT OF 897 MILLION EUROS, WHICH HAS BEEN DULY CLAIMED WITH THE INSOLVENCY RECEIVERS IN LUXEMBOURG.  Full Article

Pharol seeks to keep high stake in Oi in restructuring -CEO
Thursday, 12 Oct 2017 12:51pm EDT 

Oct 12 (Reuters) - CEO of Portugal's Pharol SGPS , the largest shareholder in Brazil's telecom firm Oi says::Oi restructuring plan presented on Wednesday is "balanced and positive"..Luis Palha da Silva says Pharol will make an effort to keep its stake in Oi at highest possible percentage after the restructuring..Pharol is not opposed to "demanding" dilution of shareholdings in Oi..A restructured Oi will be ready for mergers and acquisitions activity, not necessarily as a target..Pharol holds a 25.7 percent stake in Oi..Oi, which is in a bankruptcy protection process, submitted a debt restructuring plan that would limit the debt-for-equity swap demanded by creditors to 25 percent of its capital, far below the 88 percent proposed by a group of bondholders. nL2N1MM2JP.Further company coverage: PHRA.LS.  Full Article

Pharol net result turns to profit of 61.8 mln euros YoY
Tuesday, 29 Aug 2017 01:29am EDT 

Aug 29 (Reuters) - PHAROL SGPS SA ::SAID ON MONDAY H1 NET PROFIT 61.8 MILLION EUROS VS LOSS 8.3 MILLION EUROS YEAR AGO.H1 NEGATIVE EBITDA 2.6 MILLION EUROS VS NEGATIVE 3.3 MILLION EUROS YEAR AGO.  Full Article

Pharol says Solus Alternative holds 2.2 pct stake in Pharol
Monday, 3 Jul 2017 01:44am EDT 

July 3 (Reuters) - PHAROL SGPS SA ::Said on Friday, Solus Alternative Asset Management LP now holds 2.1588 percent of voting rights in Pharol.  Full Article

Pharol says Discovery Capital Management increases stake to 5.14 pct
Friday, 23 Jun 2017 11:54am EDT 

June 23 (Reuters) - PHAROL SGPS SA ::SAYS DISCOVERY CAPITAL MANAGEMENT NOW HOLDS 5.14 PERCENT OF VOTING RIGHTS VERSUS PREVIOUSLY STATED 2.02 PERCENT.  Full Article

High Bridge reaches stake of 6.17 pct in Pharol
Thursday, 25 May 2017 06:18am EDT 

May 25 (Reuters) - PHAROL SGPS SA ::SAID ON WEDNESDAY THAT HIGH BRIDGE UNIPESSOAL LDA HAS REACHED A STAKE OF 6.17 PERCENT IN THE COMPANY.  Full Article

BCP sells its whole stake in Pharol
Tuesday, 23 May 2017 07:09am EDT 

May 23 (Reuters) - PHAROL SGPS SA ::SAYS BCP HAS DECREASED ITS VOTING RIGHTS IN THE COMPANY TO 0 PERCENT.  Full Article

Pharol FY net loss narrows to 75.1 mln euros
Friday, 28 Apr 2017 06:12am EDT 

April 27 (Reuters) - Pharol SGPS SA ::FY net loss 75.1 million euros ($82.1 million) versus loss 693.9 million euros year ago.FY negative EBITDA 7.0 million euros versus negative 16.2 million euros year ago.  Full Article

BRIEF-Pharol Says Discovery Capital Management Decreases Stake To 4.89 Pct

* DISCOVERY CAPITAL MANAGEMENT NOW HOLDS 4.89 PERCENT OF VOTING RIGHTS VERSUS PREVIOUSLY STATED 5.14 PERCENT Source text: http://bit.ly/2D5mZWE