SON.LS
SONAE R
Lisbon
0.680.01 (1.34%)
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1d
Prev Close0.67
Open0.67
Bid0.79 x 5000000
Ask0.80 x 500000
52wk Range0.62 - 1.31
Day's Range0.67 - 0.70
Volume5,534,936
Avg Vol (3m)4,452,868
As of 11:35 AM EDT. Market closed.
  • Reuters2 years ago

    Bain, Apax join bid battle for Portugal Telecom

    LISBON/PARIS, Nov 12 (Reuters) - Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros ($8.8 billion) to buy the Portuguese operating business of Portugal Telecom from Brazil's Oi, rivalling an offer from European telecoms group Altice . Altice, the holding company of Franco-Israeli telecoms entrepreneur Patrick Drahi, made a bid last week which it said put an enterprise value on the PT Portugal business of 7.025 billion euros. Oi is considering selling Portugal Telecom assets to reduce its debt of over $18 billion, which would effectively unwind a protracted merger of the two companies. Oi is expected to use the proceeds of any PT Portugal asset sale to strengthen its hand in the further consolidation of the Brazilian telecoms market.

  • Reuters2 years ago

    Angolan bidder offers changes to keep Portugal Telecom intact

    Angolan investor Isabel dos Santos said on Tuesday she was willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent Brazil's Oi from selling PT's assets to a rival party. Dos Santos launched the bid for Portugal Telecom, a holding company with a 25.6 percent stake in the combined Oi-PT company, partly in an attempt to thwart a 7 billion-euro bid for PT's Portuguese assets by French telecoms group Altice . Oi is merging with Portugal Telecom but has already signalled it would consider selling its partner's operations in its home market, enabling it to pay down debts and invest in the Brazilian market. Oi said on Tuesday the bid by dos Santos - who is the daughter of Angola's president and Africa's richest woman - was "unacceptable" as it would affect the terms of the merger.