Portugal Telecom: Isabel dos Santos mulls final decision on EUR 1.21bn bid
Isabel dos Santos, the Angolan entrepreneur, has still not decided whether to withdraw her EUR 1.21bn bid for Portugal Telecom (PT), reported Jornal de Negocios. The online version of the Lusophone business paper quoted a source in Terra Peregrin, the vehicle that made a EUR 1.35 per share bid on PT, as saying dos Santos is still studying various options over PT and has not pulled out of the process.
A Lisbon business paper reported Thursday that dos Santos would withdraw her PT bid, but still remain focussed on potential opportunities arising from consolidation of telco markets in Portugal and Brazil.
Portugal's CMVM stock market regulator said earlier this week the dos Santos bid on PT would have to be raised in value and also declined to grant the request for a mandatory offer waiver made by the Angolan investor, daughter of longtime Angolan leader Jose Eduardo dos Santos.
Jornal de Negocios