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General

Angola's dos Santos maintains bid price for Portugal Telecom

Friday 28 November 2014 | 09:01 CET | News
Angola's Isabel dos Santos will maintain her takeover offer of EUR 1.35 a share for Portugal Telecom, considering it fair despite the stock's 25 percent rise since her bid almost three weeks ago, Reuters reported citing a source. The source close to dos Santos said the offer by her Terra Peregrin company - which values the whole Portugal Telecom holding company at EUR 1.21 billion - already incorporates a premium to shareholders. The holding company has no operating assets but owns a near 26 percent stake in Brazil's Oi, which has incorporated PT's operating assets after a merger that is

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Categories: General
Companies: Altice Europe / Oi / Portugal Telecom
Countries: Portugal
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