Santander Totta not interested in EuroBic or Montepio – President

  • Lusa
  • 31 January 2020

The CEO of Santander Totta affirmed that the bank was not interested in acquiring Isabel dos Santos' stake in EuroBic.

The CEO of Santander Totta, Pedro Castro e Almeida, on Thursday said that the bank was not interested in acquiring Isabel dos Santos’ stake in EuroBic.

“We are not looking, and we are not interested,” Pedro Castro e Almeida said at the 2019 press conference (€527.3 million in profits) in Lisbon.

Later, he added that Santander is not interested in acquiring any more banks in Portugal and clarified that he also referred to Montepio.

The International Consortium of Investigative Journalism (ICIJ) on 19 January released more than 715,000 files under the name ‘Luanda Leaks’, detailing financial arrangements set up by Isabel dos Santos and her husband, Sindika Dokolo, that are alleged to have enabled money to be withdrawn from the Angolan public treasury via tax havens.

According to the investigation, of which Portuguese newspaper Expresso and television channel SIC are part, dos Santos is believed to have set up a scheme that allowed her to divert more than $100 million (€90 million) to a Dubai-based company, Matter Business Solutions.