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Deals Rumor Mill: Rioforte, Portugal Telecom, ONGC

By Chelsea Naso (July 15, 2014, 2:59 PM EDT) -- Rioforte Investments, the main unit of Portuguese bank Espirito Santo International SA, is said to be preparing to file for creditor protection in Luxembourg in the next few days as pressure mounts to repay debt with funds it doesn't have, sources told the Wall Street Journal on Tuesday. Rioforte, in the latest sign of stress, is unlikely to repay €897 million ($1.22 billion) in debt held by Portuguese telecom giant Portugal Telecom SA. ...

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