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Main Shareholders
 
BES's current shareholder structure derives from the Bank's privatization in 1991/92, when the Espírito Santo Financial Group regained control of the Bank with strategic partner Crédit Agricole. BES has since entered a number of major strategic agreements, notably with Portugal Telecom and Bradesco.

Bespar aggregates the shareholdings of Espírito Santo Financial Group and Credit Agricole: ESFG has 67.4% of Bespar and Crédit Agricole has the remaining 32.6%.

 

 

 

 
(1) Through the Pension Fund whose associates are companies of PT Group which are managed by PREVISÃO - Sociedade Gestora de Fundos de Pensões, S.A.

Shareholder structure at 30 September 2009.
 

 
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