PHAROL updates on Rio Forte insolvency proceedings
The report covers the evolution and situation of insolvent companies as of April 2026.
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In short: PHAROL reported a net profit of €2.1 million in 2025 and secured a judicial recognition of €897 million in credits against the insolvent Rio Forte.
The report covers the evolution and situation of insolvent companies as of April 2026.
PHAROL is not a shareholder and does not suffer direct impact; there are pre-2014 tax contingencies up to €153M, reduced guarantees €83M, counter-guarantees and deposit €7.86M, net exposure €3.1M.
The General Meeting of April 17, 2026 approved financial reports, application of results and review of the bylaws, withdrawing the share grouping proposal.
The Commercial Court of Luxembourg decides that PHAROL does not have to return amounts to ESI. There is an appeal filed by the ESI trustee.
Pharol SGPS announced that the declaration of bankruptcy of the telecommunications operator Oi has no direct repercussions ...
The 100-to-1 share grouping did not go ahead again at this Friday's general meeting of the former PT SGPS. Approved was the...
The Luxembourg Commercial Court ruled that Pharol does not have to return, by the former Rioforte company, any amounts to Espírito Santo International (ESI...
Due to the lack of presence of one third of the shareholders, the voting on the amendments to the bylaws and the stock grouping was postponed. The remaining proposals...
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