Oi Shares Crash 20% After Auction and Recovery Delays

Oi (OIBR3) shares have plummeted 20.8% this week, dropping 14% yesterday and an additional 8.40% by 12:50 PM today. These declines rank among the steepest on the Brazilian stock market. The auction for ClientCo, formerly known as Oi Fibra, significantly impacted these shares. Held yesterday, it was part of the judicial recovery plan approved in […]