Stadiums built by OAS scored the highest in the new Ministry of Sport’s ranking system
The OAS group, in supervised reorganization since April last year, pursuant to Clause 9 of the judicial reorganization plan in force (“Plan”), convene Group 1 Financial Creditors and Group 2 Financial Creditors for Meeting Restricted to Eligible Creditors to be held on May 6, 2016, at 10:00am, on first call, or May 9, 2016, at 10:00am, on second call, at Av. Paulista, nº 1079, 5th floor, São Paulo/SP, Brazil.
OAS informs that the deadline for Invepar’s shareholders exercise their right of first refusal expired on April 20, 2016, without having any of them exercised such right.
In accordance with section 4.7, “i”, of Group OAS’ Judicial Recovery Plan, on 5.2.2016 all the OAS, COAS and/or one of the Foreign Entities’ Suppliers’ Creditors will be entitled to the payment of the first installment of their credit in the amount of up to R$ 9.889,00, limited to the amount of the respective claim, being each creditor responsible to inform, timely, the correspondent bank account for such purpose (section 14.7.1).
UHE Baba (Ecuador)
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With global operations, OAS Engenharia creates jobs, workforce qualification and promotes economic and social development in places where it operates, building roads, dams, power plants, ports and airports.
On January 28, 2016, the Court approved the Judicial Recovery Plan for OAS. It had already been approved by the creditors at the General Meeting held on December 17, 2015.The Judicial Recovery Plan for OAS was submitted to the Court of Justice of the State of São Paulo on March 31, 2015.
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