BES confirms that it is now largest PT shareholder

6 Sep 2012

Portuguese financial group Banco Espirito Santo (BES) now holds 10.42% of the share capital – and associated voting rights – in Portugal Telecom (PT), it has confirmed in a statement to the securities commission, Comissao do Mercado de Valores Mobiliarios (CMVM). The transaction was carried out through BES’ wholly owned Avistar subsidiary. The stake hike means that long-term investor BES is now the largest shareholder in PT, ahead of RS Holding (10.05%), Telemar Norte Leste (10.0%) and Caixa Geral de Depositos Group (6.42%), with a total of 93.42 million PT shares.

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share