Angolan bank interested in privatization of Portuguese bank

6 November 2009

Luanda, Angola, 6 Nov – Fernando Teles, CEO of Angolan bank Banco Internacional de Credito (BIC, expressed interest Thursday in the privatization process of nationalized Portuguese bank Banco Portugues de Negocios (BPN).

Teles told Reuters his bank, Angola’s fourth biggest, was not the only bank in Angola interested in the privatization of BPN.

Portuguese State Secretary for the Treasury and Finances said this week that BPN’s privatization would be approved at “very short notice.”

BIC, with a “twin” bank in Portugal led by Mira Amaral, is owned by industrialist Americo Amorim and Isabel dos Santos, daughter of Angolan President Jose Eduardo dos Santos. Each as a 25 percent stake. Fernando Teles has a 20 percent shareholding with the other 20 percent held by small investors.

BIC is also interested in floating shares on stock markets in London, Johannesburg or Luanda, said Teles. (macauhub)

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