Portuguese financial group Banco Espirito Santo (BES) now holds 10.42% of the share capital – and associated voting rights – in Portugal Telecom (PT), it has confirmed in a statement to the securities commission, Comissao do Mercado de Valores Mobiliarios (CMVM). The transaction was carried out through BES’ wholly owned Avistar subsidiary.
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OVETEL BES confirms that it is now largest PT shareholder
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