Ongoing Strategy Investments

Ongoing Strategy Investments SGPS, S.A. is a Portuguese private investor group, commonly known as the Ongoing Group. It traces its origins to the 19th-century soap and cleaning-products company Sociedade Nacional de Sabões Ltda. (SNS), owned by the Rocha dos Santos family. After the 1974 Carnation Revolution, SNS grew into Portugal's largest private conglomerate, with activities spanning chemicals, agrochemicals, food, advertising, media and financial markets. In 1991 SNS sold its detergent and cleaning business, along with parts of its cosmetics business, to Henkel. The modern Ongoing entity was founded in 2004 by Nuno Rocha dos Santos de Almeida e Vasconcellos to organize and professionalize the family's investments, with a focus on Portugal and Portuguese-speaking countries. Nuno Vasconcellos is the son of Luís Vasconcellos (d. 2009), a co-founder of the newspaper Expresso and co-owner of the media group Impresa, and of Isabel Rocha dos Santos, main shareholder of Ongoing and only child of SNS founder João Rocha dos Santos. Since its founding, the Ongoing Group has repositioned itself around telecommunications, media and technology, energy and infrastructure, and financial services and real estate. It has held strategic stakes in Portugal Telecom and the Espírito Santo Financial Group, and financial stakes in Impresa — owner of Portuguese TV channel SIC and newspaper Expresso — as well as ZON Multimédia. The group fully owns the business newspapers Diário Económico (Portugal) and Brasil Econômico (Brazil), and the companies Mobbit Systems and CTN. Geographically, Ongoing focuses on Portugal and Portuguese-speaking economies such as Brazil, Angola and Mozambique. The group aims to develop a multimedia platform for the creation, production and distribution of content and services for a potential global market of 250 million customers, and seeks to establish a network of strategic partners for long-term worldwide operations. In March 2010, the Portuguese competition authority blocked an Ongoing Group offer to buy a 35 percent stake in Media Capital from the Spanish media group PRISA. Media Capital is Portugal's largest media group, owning the most-watched TV channel TVI and the production company Plural. The deal, announced by Prisa in September 2009, would have given Ongoing a 30 percent stake in the heavily indebted Prisa (around €5 billion of debt) and was estimated at approximately €135,000,000 (US$181,300,000).

Ongoing Strategy Investments SGPS, S.A. is a Portuguese private investor group. Its origins lie in the 19th century, in the soap and cleaning-products company Sociedade Nacional de Sabões Ltda. (SNS), owned by the Rocha dos Santos family. After the 1974 Carnation Revolution, SNS became Portugal's largest private conglomerate, with activities in the chemical industry, agrochemicals, food industry, advertising, media and financial markets. In 1991 SNS sold its detergent and cleaning business, as well as parts of its cosmetics business, to Henkel. The company was founded in 2004 by Nuno Rocha dos Santos de Almeida e Vasconcellos to organize and professionalize the family's investments, with a focus on activities in Portugal and Portuguese-speaking countries. Nuno Vasconcellos is the son of Luís Vasconcellos (d. 2009) — alongside Francisco Pinto Balsemão one of the founders of the newspaper Expresso and co-owner of the media group Impresa. His mother, Isabel Rocha dos Santos, main shareholder of Ongoing, was the only child of the founder of SNS, João Rocha dos Santos. Since then the Ongoing Group has realigned itself, with a sector focus on telecommunications, media and technology, energy and infrastructure, as well as financial services and real estate. Strategic holdings currently exist in Portugal Telecom and the Espírito Santo Financial Group, and financial holdings in the company Impresa, which includes the Portuguese TV channel SIC and the newspaper Expresso, as well as ZON Multimédia. The group fully owns the business newspapers Diário Económico (Portugal) and Brasil Econômico (Brazil), as well as the companies Mobbit Systems and CTN. Geographic focuses are Portugal and Portuguese-speaking economies such as Brazil, Angola and Mozambique. The group is oriented toward developing a multimedia platform for the creation, production and distribution of content and services for a potential global market of 250 million customers. The group's goal is to establish a network of strategic partners in order to operate worldwide in the long term. In March 2010, the Portuguese competition authority blocked an offer by the Ongoing Group to buy a 35 percent stake in Media Capital from the Spanish media group PRISA. Media Capital is the largest Portuguese media group. It owns the most-watched TV channel, TVI, as well as the production company Plural. The deal announced by Prisa in September 2009 would have given Ongoing a 30 percent stake in the heavily indebted Prisa (around €5 billion of debt) and was estimated at approximately €135,000,000 (US$181,300,000).

• 2010

  Portuguese competition authority blocked Ongoing's offer to buy a 35% stake in Media Capital from PRISA.

• 2004

  Ongoing Strategy Investments founded by Nuno Rocha dos Santos de Almeida e Vasconcellos to organize and professionalize family investments.

• 1991

  SNS sold its detergent and cleaning business, and parts of its cosmetics business, to Henkel.

• 1974

  After the Carnation Revolution, SNS became Portugal's largest private conglomerate.

Private family investment group focused on Portuguese-speaking markets, building a multimedia platform and strategic partner network.

• Diário Económico

  Portuguese business newspaper fully owned by the group.

• Brasil Econômico

  Brazilian business newspaper fully owned by the group.

• Mobbit Systems

  Company fully owned by the group.

• CTN

  Company fully owned by the group.

1. 1Ongoing Strategy Investmentswikidata.org
2. 2Ongoing Strategy Investmentsde.wikipedia.org