Oi rejects Dos Santos bid for Portugal Telecom

Monday 10 November 2014 | 12:13 CET | News
Brazil telecommunications operator Oi said it considers as "untimely" any changes to its merger agreement with Portugal Telecom triggered by the bid from Angolan entrepreneur Isabel dos Santos for the Portuguese operator. The proposed acquisition would change the previously agreed terms of the merger signed with Portugal Telecom SGPS, including the transfer of PT shares to Oi. Dos Santos' Portuguese company Terra Peregrin launched a takeover bid for Portugal Telecom at EUR 1.35 per share, conditional on acquiring more than 50 percent of Portugal Telecom shares. This would affect the share

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Categories: General
Companies: Oi / Portugal Telecom
Countries: Brazil
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