BESPAR is a jointly owned sub-holding of ESFG with the remaining stake owned by Crédit Agricole, which focuses on financial interests in Portugal, namely the BES group. Please go to Group Structure for more information.

ESFG’s business is centred in Portugal, where the majority of its investments are located. Its components are engaged in a wide variety of banking and insurance services based on the Banco Espírito Santo Group (“BES Group”) and on the Tranquilidade group of insurance companies respectively. The components of BES Group are principally Banco Espírito Santo (“BES”), the third largest commercial bank in Portugal and its subsidiaries, namely BES Investimento, a major investment bank, operating mostly in Portugal,in Spain and Brazil and ESAF-Espírito Santo Activos Financeiros, a major fund management company. Internationally BES Group is present in Angola, Brazil, Cape Verde Islands, China, Spain and the USA through small operational subsidiaries.