Minority Partner of Ligga Points Out Irregularities in Company Sale Process and Goes to Court to Try to Suspend Negotiations
Agnaldo Bastos Lopes, a minority partner of Ligga Telecom, has taken legal action to suspend the sale of the company, citing irregularities in the negotiation process.
Agnaldo Bastos Lopes, a minority partner at Ligga Telecom, has raised serious concerns regarding the company's ongoing sale, prompting him to initiate legal proceedings aimed at suspending the transaction. Lopes claims that irregularities in management and a lack of transparency in the negotiations have marginalized him from the entire process. He has also issued an extrajudicial notification to the primary shareholder, Nelson Tanure, demanding clarity and accountability concerning the ongoing negotiations.
In the notification accessed by RPC, Lopes highlights severe financial discrepancies, asserting that while the company was profitable at the time of privatization, it now faces a staggering gross debt of approximately R$ 1.3 billion. His lawyers argue that this drastic change in financial status warrants an immediate review of the sale process to ensure that all stakeholders are properly informed and involved. This situation not only raises concerns about governance at Ligga but also puts a spotlight on potential investment risks associated with the company's controversial management.
The unfolding developments could significantly impact the telecommunications market in Brazil, especially considering Ligga's role after its privatization from Copel Telecom. The litigation may lead to delays in the sale process and could encourage further scrutiny from regulators regarding the transparency and fairness of corporate transactions in such high-stake industries.