Ver Angola

Banking and Insurance

Sale of 30 percent of Bodiva shares officially launched

The Angolan Debt and Stock Exchange (Bodiva) officially launched, this Monday, the Public Offering for Sale (OPV) of 30 percent of its shares. This launch comes after the OPV prospectus was recently approved.

: Facebook Bodiva SGMR
Facebook Bodiva SGMR  

Bodiva, in a statement sent to VerAngola, announced that the OPV prospectus was approved last Friday by the Capital Market Commission (CMC).

"This offer takes place within the scope of the Privatization Program via the Stock Exchange, and aims to sell 30 percent of the capital held by the State", says the note.

In this sense, the aforementioned prospectus can be consulted on the website of Bodiva, CMC, the State Asset and Participation Management Institute (IGAPE) and financial intermediaries, "and under the terms of the offer calendar, the launch will take place on the day November 18th of this year".

The aforementioned privatization – according to a statement from Bodiva, cited by Jornal de Angola – is seen as a chance for investors from the country and abroad to enter the capital of an entity in the national financial market.

It is worth remembering that, at the end of last month, Walter Pacheco, executive president of Bodiva, said that the exchange would be the next company to sell its shares on the capital market.

Created in 2014, Bodiva, in the first six months of this year, had a net profit of 437 million kwanzas, corresponding to a decrease of around 46 percent compared to the same period last year, according to data from the report and accounts of the first half of this year.

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