Standard Bank Angola convened for 29 March an announcement, published in Jornal de Angola, reflects the intention to renew the dismissal of the two directors with just cause, invoking "incapacity due to impediment and lack of suitability".
In the case of Carlos São Vicente, detained since December in Luanda on suspicion of corruption, the physical impossibility is also added to the fundamentals of renewing the decision taken at the extraordinary general meeting of 28 December 2020.
The dismissal of Carlos São Vicente and his son came as a result of an investigation involving a bank account of the businessman in Switzerland, frozen in the meantime, with about 900 million dollars. Ivo São Vicente was also made defendant.
Banco Standard announced on September 11 that it is interested in acquiring Carlos São Vicente's position in the Angolan financial operation, which is in the hands of the State Assets and Participations Management Institute (IGAPE).
The 49 percent that Carlos São Vicente held, through AAA Activos, passed to IGAPE after the accusations in court were formalized.
The increase in shareholding for all assets held by foreigners was not possible when the bank opened its branch in Angola in 2010, but since then this rule has been abolished for some industries, including finance.
The operation in Angola is one of the six that contributes most to Standard Bank's operating profits on the African continent, where it is located in 20 countries.
At the general meeting, it will also be decided to renew the election of non-executive directors Patrício Vilar, also president of IGAPE, and Silvano Araújo, member of the Credit Guarantee Fund.
If there is no quorum necessary for the general meeting to resolve on the items listed on the agenda, the shareholders are called for April 14th. Extraordinary general meeting that includes on the agenda the renewal of the removal of the directors non-executive Carlos São Vicente, and his son, Ivo São Vicente.
