Varig Creditors Reject Docas Bid, Approve Restructuring
Varig's major creditors this week rejected Docas Investimentos's bid to acquire a majority equity stake in the Ruben Berta Foundation (DAILY, Dec. 20), whose FRB-PAR holds the majority of the airline, but they approved a financial reorganization plan. The plan will let Varig and its creditors...
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