The presentation to investors was made this Tuesday, in Luanda, with details about the assets, financial indicators and strategy of the oil company, the second largest private operator in Angola, after Etu Energias.
The operation combines a Public Offering for Subscription (OPS) with an issue of up to 600,890 shares, representing 24.99 percent of the company's capital, and a Public Offering for Sale (OPV) of 300,000 shares belonging to the State through the Bank of Savings and Credit (BPC), a 16.63 percent stake that could earn you up to 27,450 million kwanzas.
With admission to trading scheduled for March 15, the operation will make ACREP the first private company in the oil and gas sector to be listed on the Angolan Debt and Stock Exchange (BODIVA).
In total, 900,890 shares will be admitted with a potential value of 82,431 million kwanzas with a price between a minimum range of 75,000 kwanzas and a maximum of 91,500 kwanzas.
This means that the State can raise up to 27,450 million kwanzas, while ACREP, if the operation is successful, guarantees the entry of new shareholders and a further 55 billion kwanzas of funds to finance the expansion of its activities.
The period for receiving offers runs between February 9th and March 1st.
In this Tuesday's presentation, the president of the board of directors, Marlene Costa, highlighted that the company, which has been in the market for 20 years and began by focusing on the exploration of mature onshore oil fields, holds a portfolio of assets diversified, with two blocks in research, two in production and one where it operates, having exported 431,500 barrels and earned around 42 million dollars in 2022.
BPC administrator, Walter Salgueiro, assured that the bank will continue to be a strategic partner of ACREP and highlighted the "transparency of listed companies" as a "great advantage" of investing on the stock exchange.
For Augusto Kalikemala, executive administrator of the State Asset and Participation Management Institute (IGAPE), this "is a milestone in the privatization program", highlighting that "the capital market has always been at the forefront of these operations" which began with Banco Angolano de Investimentos (BAI) and continued with Caixa Angola bank.
"We continue to wish to deepen the capital market and ensure that companies and investors have a privileged means of carrying out their business", highlighted the person in charge, adding that this operation combines two very important sectors, oil and finance.
