Espirito Santo, Caixa Geral to Sell Zon Stakes, Negocios Says

Grupo Espirito Santo and Caixa Geral de Depositos may sell their stakes in Zon Multimedia SGPS SA (ZON) at the same time, Jornal de Negocios reported, without saying how it got the information.

The aim of carrying out the sale simultaneously is for Espirito Santo and Caixa Geral to maximize the value obtained from their holdings in Zon, the Portuguese newspaper said. Espirito Santo and Caixa Geral together own 22 percent of Zon, Jornal de Negocios said.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.