Row over PT pension fund

4 Jan 2007

Portugal Telecom has criticised stock market regulator CMVM for refusing to release a report into the state of PT’s pension funds. AFX reports that Sonaecom has requested a copy of the report as part of its planned takeover of PT, but CMVM has refused the request, leading to inaccurate reports of the size of the hole in the pension fund. Some analysts say the pension hole could be as much as EUR1 billion larger than originally expected.

Portugal, Optimus (Clix)