Advanced Television

Dos Santos raises Zon Multimedia stake

May 9, 2012

Zon Multimedia shares rose as much as 1.3 per cent after shareholder Isabel dos Santos increased her stake in Portugal’s biggest cable-television provider to 14.9 per cent.

Dos Santos agreed to buy 4.9 per cent of the Zon through her Amsterdam-based holding company Jadeium, adding to the 10 per cent stake she already controlled through Kento Holding Ltd., Lisbon-based Zon said in a regulatory filing.

Dos Santos, the daughter of Angolan President Jose Eduardo dos Santos, is now Zon’s biggest shareholder, according to data compiled by Bloomberg.

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