Ver Angola

Banking and Insurance

Government puts ENSA out to tender for privatisation

A presidential order authorizes the start of the privatisation processes of ENSA - Seguros de Angola S.A and the indirect State holdings, through public companies, in Banco Angolano de Investimentos (BAI).

:

According to a press release by the Institute for the Management of Assets and State Participation (IGAPE), this process is part of the Government's Privatisation Programme (Propriv).

The privatisation of these two financial sector assets also includes the sale of 100 percent of the Banco de Comércio e Indústria (BCI) and a 25 percent stake in Banco Caixa Geral Angola (BCGA).

"The sale of these assets will be carried out through various procedures and will be preceded by a valuation process and 'duo dilligenge' to be carried out by a financial intermediary, under the terms of the Basic Privatisation Law", says the note.

The document adds that the 8.5 percent stake held by the oil company Sonangol and the 1.5 percent stake held by the national diamond company Endiama in BAI will be sold through a public tender limited by prior qualification, the same procedure to be implemented in the case of ENSA - Seguros de Angola, S.A.

The presidential order stipulates that the privatisation of ENSA must be carried out in a phased manner, the first by means of a restricted tender for prior qualification and the second by means of an initial public offer on the stock exchange.

At the moment, the note states, the tender for the hiring of the financial intermediary that will be responsible for the evaluation of the assets, the preparation of a proposal for the privatization schedule, in addition to participating in the accomplishment of other tasks inherent to the preparation of the privatization with an ambitious schedule until the end of the year is underway.

"The Propriv also has several ongoing processes, with a total of 40 assets and holdings in various sectors, including textiles, beverages and manufacturing, agriculture and agro-industrial", the document stresses.

Permita anúncios no nosso site

×

Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.