Angolan group negotiates acquisition of Portuguese media group Controlinveste

19 October 2012

Angolan business group Newshold is negotiating the acquisition of Portuguese media group Controlinveste, which, amongst other assets, owns historically-important newspaper Diário de Notícias, in Lisbon, and Jornal de Notícias, in Porto, the Portuguese press reported.

The deal between the Newshold group, which controls Portuguese weekly Sol and owns 15 percent of the Cofina group and Controlinveste includes Diário de Notícias, Jornal de Notícias, O Açoriano Oriental, sports newspaper O Jogo and radio station TSF, but does not include the stake owned by Portuguese businessman Joaquim Oliveira in Sport TV.

The stake that Controlinveste has in distribution company Vasp — which it shares in equal parts with the Cofina and Impresa groups — is also part of the deal.

The value of the deal has not been disclosed, but the Portuguese press has reported that only the financial side of the deal has yet to be negotiated and daily newspaper Jornal de Negócios said that Controlinveste’s shares are being held by Portuguese bank Banco Comercial Português (BCP) as collateral. (macauhub)