The information was provided by Augusto Kalikemala, administrator of IGAPE, during a webinar on privatization of assets and state holdings.
BCI is one of the reference companies included in the Privatisation Programme (Propriv) launched by the President, João Lourenço, in 2019, and will be sold via a stock exchange auction after the qualification of interested parties and validation by the National Bank of Angola (BNA), he said.
Augusto Kalikemala explained that this type of procedure takes place in several phases. Initially, 16 non-binding proposals were presented, of which six were pre-qualified, according to the information provided, the requirements of the National Bank of Angola, and the results of a comprehensive 'due diligence' process, still underway, which assesses the financial capacity.
Soon, the six candidates with binding proposals will know whether or not they will be admitted to auction, the same official said, adding that South African, British, Kenyan and European institutions had shown interest, with the South Africans and Angolans remaining in the running.
The initial programme included the privatisation of 195 assets, but in February, 70 were excluded, including companies linked to the artisanal fishing sector, and 14 others were added, and there are now 139 assets in the package, of which 41 have already been privatised.
The Angolan state has so far collected revenues valued at around 376 billion kwanzas, with total contracts already signed estimated at 806 billion kwanzas.
Of the 2021 programme, Kalikemaça noted the sale of the ENSA insurance company, procedures for which had already started, Infotur hotels, 16 industrial units in the Special Economic Zone, the 10 percent stake held by the Angolan state in BAI bank and the 25 percent stake in CaixaAngola bank, which will also be sold via stock exchange auctions.
Preparations are also underway for the sale of the State's 51 percent stake in fuel distribution company Sonangalp, also via an initial public offering.