Ver Angola

Banking and Insurance

IGAPE announces auction of indivisible lot in BCI shares

The State Asset Management and Participation Institute (IGAPE) announced this Thursday the beginning of the auction phase on the stock exchange of an indivisible lot of shares of Banco Comércio e Indústria, S.A. (BCI).

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According to a press release, this auction is aimed exclusively at qualified candidates, as a result of compliance with the provisions of point 15.4 of the terms of reference for the privatization process of BCI.

This auction phase will be, in accordance with point 15 of the terms of reference, conducted by the Angola Debt and Securities Exchange (Bodiva), an entity that will announce the date, time and place of the auction.

IGAPE, created by Presidential Decree no. 141/18, is the entity responsible for carrying out the privatization of BCI, which has worked with Standard Bank de Angola as a financial advisor.
Founded in August 1991, BCI is an Angolan public bank that offers various financial products and services to retail customers and companies.

The bank is present in 18 provinces and has a distribution network of 82 branches and 31 service stations.

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