Isabel dos Santos expected to move for CGD, BES Zon stakes

Angolan investor Isabel dos Santos, the daughter of the country’s president Jose Eduardo dos Santos, is expected to increase her 15.46% stake in Portuguese cableco Zon Multimedia, with rumoured approaches for the shareholdings currently held by financial institutions Caixa Geral de Depositos (CGD) and Banco Espirito Santo (BES); the two banks have previously been prompted to sell assets to raise capital ratios under Portugal’s bailout programme.

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OVETEL Isabel dos Santos expected to move for CGD, BES Zon stakes