Mário Lemos, who was speaking in Luanda, after the admission to negotiation session of the Angolan state insurance company, pointed out a record demand, thanks to the good involvement of several entities and the broad effort that, in the end, "paid off in the results" that allowed it to overcome the expectations.
"174 percent (demand ratio) is an important number and is a milestone in the capital market itself. As you know, the other operations, although they were also successful, did not reach levels as high as those of ENSA ", highlighted Mário Lemos.
Regarding the successive postponements that the privatization of ENSA has suffered, he highlighted that putting a company on the market "is a huge responsibility" that requires the consideration of several factors, market and otherwise.
"We were persistent, the State was also persistent and we were always concerned about doing more, therefore, getting here," he said.
Asked about the possibility of opening up more capital to meet demand, he considered that this was "a sign" that allows us to reach this conclusion.
"We were not the ones who determined this, it was the State itself. But we can put ourselves in the State's shoes and realize that this was the best decision", since 30 percent "is a significant expression" and fits into a progressive strategy for continue offering "other 'tranches' with the quality that is necessary", he said.
The shares were sold at a maximum price of 12,499.80 kwanzas and allowed the State to raise more than 8.9 billion kwanzas from the sale of this 30 percent stake.
Interest from investors exceeded the number of shares available, with 1,256,455 shares requested, corresponding to 174.51 percent of the 720,000 shares offered.
In total, there were 1833 purchase orders from 1115 investors.
