Angola: Isabel dos Santos reinforces her presence in Portuguese firms


After buying a 9.4% stake in Banco BPI from Spanish bank CaixaBank, the Angolan businesswoman is now the main shareholder of the telecom company Zon Multimedia.

Business Economy What's New — 09 May 2012 by Blandina Costa
Angola: Isabel dos Santos reinforces her presence in Portuguese firms

Isabel dos Santos is now the main shareholder of the telecom company Zon Multimedia, the Portuguese company announced late Tuesday, increasing her presence among Portuguese firms after already having strengthened earlier this week her stake in Banco BPI.

The daughter of Angolan President José Eduardo dos Santos, Isabel dos Santos has been increasing her presence in Portuguese businesses. This week, Santoro Finance, a holding mainly owned by Isabel dos Santos, bought an additional 9.4% stake in Banco BPI from Spanish CaixaBank, paying €46.7m.

Late Tuesday, Zon was the one being eyed, this time by Jadeium, another firm owned by Isabel dos Santos. The businesswoman is now the main shareholder of Zon Multimedia, with a 14.918% stake, effectively surpassing Portugal’s state-owned bank Caixa Geral de Depósitos, which was previously Zon’s top holder.

Through holding Jadeium, Isabel dos Santos bought 4.918% of the Portuguese telecom company’s share capital, for an undisclosed price. This adds to the 10% stake dos Santos already owns in Zon through Kento Holding, where she is also the main shareholder.

Considering Tueday’s closing prices, this stake amounts to €39m.

Besides Zon and BPI, Isabel dos Santos is also present in other Portuguese companies such as Galp, Portugal Telecom, Banco BIC Português and Amorim Energia.

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