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Caixa Geral to Sell 11% Stake in Zon Multimedia, Negocios Says

March 09, 2012

Caixa Geral de Depositos SA, a state-owned Portuguese bank, will sell its 11 percent stake in pay-television company Zon Multimedia (ZON) SGPS SA, Jornal de Negocios reported, without saying how it obtained the information.

Caixa Geral plans to invite various companies to present proposals to buy the stake in Zon, the Portuguese newspaper said. The bank may invite companies including Sonaecom (SNC) SGPS SA, Vodafone Group Plc (VOD) and investor Isabel dos Santos to present offers, according to Negocios.

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