Caixa Geral de Depósitos invests in Angola and Mozambique

14 October 2009

Lisbon, Portugal, 14 Oct – The investment bank to be created by Portuguese bank Caixa Geral de Depósitos (CGD) and the Mozambican state, owned 50 percent each, is expected to be launched in the first quarter of 2010, the vice president of CGD said in Lisbon.

In a press conference to present a new private equity funds for small and medium-sized companies called Caixa Mezzanine, Francisco Bandeira also said that by the end of the year the bank’s Angolan investment bank would be launched in partnership with Sonangol.

Alongside this international focus, CGD wants to boost its share of the business market in the domestic market, aiming to achieve a market share of 15 percent, the chairman of the state banking group, Faria de Oliveira said.

In order to do this, the bank is implementing its new private equity fund, Caixa Mezzanine, which is a hybrid method of funding. (macauhub)