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Home › Angolan, French bids target Portugal Telecom

 

Angolan, French bids target Portugal Telecom

2014-11-10 13:07:40| IT Services - Topix.net

A battle has started for control of Portugal Telecom, with an Angolan takeover bid countering a French company's offer. The Lisbon stock exchange on Monday suspended trading in shares of Portugal Telecom SGPS SA after a 1.2 billion euro bid from Terra Peregrin, a Lisbon-based company wholly owned by Isabel dos Santos, a businesswoman and daughter of longtime Angolan President Jose Eduardo dos Santos.

Tags: french target portugal telecom

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