Isabel dos Santos Portugal Angola Investment

Isabel dos Santos Portugal Angola Investment

Listed in the Euronext Lisbon telecommunications company for us He just terminated the contracts of three CEOs close to himIsabel dos Santos. While the businesswoman in which she owns a large stake has not yet talked about the future of her assets in this company, the Portuguese press is already seeing signs of a final “divorce”. If so, it will be the third Portuguese company that the billionaire will then abandon EUROPIC And evask. Speaking to Reuters on Monday, the Economy Minister said: Pedro Sisa Vieira, is satisfied with the sale of certain assets to Isabel dos Santos in Portugal. In Lisbon, we fear above all “reputation” The country’s international business.

“Given the negative impact of the (assumed) origin of Isabel dos Santos’ money – which has not yet been proven – the damage to the reputation of Portuguese companies can be significant. Therefore, his willingness to sell quickly is beneficial in this regard. (This) means that the damage can be minimized. Reputable and hopefully avoided altogether. […] againstWe want to avoid damaging the reputation of these companies ‘, he did not say.

Read also: Angola: Will Joao Lourenço lose the fortune of Isabel dos Santos?

At the heart of Luanda Leaks – an investigation by the International Consortium of Investigative Journalists (ICIJ) aimed at explaining how the billionaire would have built her fortune out of Angolan public funds, Eurobic private bank was the first Portuguese company linked to Isabel Dos Santos to announce his separation from the businesswoman. The majority shareholder in the bank (42.5%) through two of his companies, Isabel dos Santos, has since offered his assets for sale.

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On January 24, the board of directors of Efacec – the Portuguese leader in energy, engineering and mobility – announced the ” resolution “ From Isabel dos Santos to leave the financing round in which she owns 65% of the shares. It also caused the resignation of Mario da Silva – who was also sued in Angola – as chairman and Jorge Brito Pereira as CEO, who are close to the businesswoman.

All such divestitures should be completed quickly during 2020. In addition to the telecom company NOS, Isabel dos Santos owns other assets in Portugal that she has not decided to withdraw from yet.

Read also: Angola: Dos Santos clan’s timid counterattack in favor of Isabel

According to Lourenço, negotiations cannot take place

While the cooperation between Luanda and Lisbon continues within the framework of the investigation opened by the Angolan judiciary, President Joao Lourenco In an exclusive interview with Deutsche WelleHe rules out any possibility of negotiating with Isabel dos Santos. ‘We don’t negotiate’decided in an interview with Deutsche Welle, recalling that it has“a chance to do so” During the six-month grace period granted to the Angolans concerned “In this kind of corruption”. Recall that Luanda is claiming more than $1 billion from Isabel dos Santos and her husband, Cindyka Dokolo, whose assets were frozen in Angola on December 30, 2019.

For her part, the billionaire continues to refute any act of corruption. While Dokolo is accusing Roy PintoThe Portuguese “hacker” behind the leak of documents that led to the Luanda leaks, in collusion with the Angolan state, Isabel dos Santos recently announced possible legal action against the International Consortium of Investigative Journalists.

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