Isabel Dos Santos - Investments in Portugal

Investments in Portugal

Since 2008 she has relevant interests in telecommunications, media, retail, finance and the energy industry, both in Angola and in Portugal. In addition to her commercial interest in oil and diamonds, Isabel dos Santos also owns shares in the Angola cement company Nova Cimangola. Her husband is member of the board of the company. More importantly, he acquired the exploration rights for a mining concession from Endiama, the Angolan state company for diamond exploration. Jadeium, a company held by Isabel dos Santos, acquired 4,918% of ZON Multimedia shares from Spain’s Telefonica.

Through Unitel International Holdings BV, based in the Netherlands, a company controlled by Isabel dos Santos, since July 2012 the Angolan businesswoman is the main shareholder of ZON Multimédia with 29 %. She is member of the board of Angolan bank in Lisbon Banco BIC Português and through Santoro Holding she holds stakes at Banco Português de Investimento. She has other major stakes with the Angolan state oil company Sonangol through their mutual European Law holding, based in the Netherlands, named Esperanza Holding, in Portuguese Galp Energia. Isabel dos Santos is a founding member and Board member of Banco BIC Português, which recently acquired Banco Português de Negócios, a nationalized bank.

Since november 27th 2012 Isabel dos Santos is a non-executive board member of ZON. In December, Isabel dos Santos announced the invitation for a merger of ZON with Sonaecom. Isabel dos Santos’ investments in Portugal are in listed companies, which are therefore subject to official supervision of the Portuguese Securities Market Commission (CMVM). The starting point, however, was the creation of Unitel in partnership with Portugal Telecom. All in all, Isabel dos Santos' fortune in Portugal in mid-2012 amounts to an estimated 1.4 billion Euros.