Portugal: BPI and Unitel sign deal for sale of 49 pct of Banco Fomento Angola

10 December 2008

Lisbon, Portugal, 10 Dec – Portuguese bank BPI and Angolan mobile telecom operator Unitel Tuesday in Luanda signed the final agreement for the sale of 49 percent of Banco Fomento Angola (BFA), the Portuguese bank said in Lisbon Tuesday.

“With today’s transaction, a startegic partnership has been created between BPI and Unitel, focussed on BFA. This partnership will have the principal aim of developing the bank and providing na excellent service in Angola and creating conditions for other potential joint investment opportunities,” BPI said in a statement.

The deal was made official following a memorandum of understanding signed in September by the two companies. (macauhub)