Angola eyes 2021 Sonangol stake sale
Angola Sonangol
The sale could take place via an IPO, the minister said at the Bloomberg Invest Africa virtual conference Tuesday.
Under a privatisation scheme running until 2022, the government aims to divest shares in 195 state assets.
Sonangol itself is also undertaking an ambitious divestment programme, with a number of assets up for grabs.
Minister Daves de Sousa said the government is focusing on a due diligence process in order to “capture the interest of high-quality investors.”
Read about Sonangol’s transformation in our latest interview with CEO Sebastião Gaspar Martins.
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