Cogeco’s Portuguese deal to face judge today

MONTREAL – Cable Satisfaction International's bankruptcy monitor and interim receiver (RSM Richter) will ask a court in Quebec today to approve the recent sale agreement of CSII's largest asset, Portuguese cable operator Cabovisao. CSII has been in Companies Creditors Arrangement Act (bankruptcy protection) since 2003. Cogeco, as was announced nearly two weeks ago, has signed an agreement to purchase the Portuguese operations for $658 million.