Angola’s Banco BIC still interested in buying Portugal’s Banco Português de Negócios

30 June 2011

Lisbon, Portugal, 30 June – Angola’s Banco BIC bank is still interested in acquiring nationalised Portuguese bank Banco Português de Negócios (BPN) and has hired consulting company Deloitte to analyse the dossier, Portuguese financial newspaper Diário Económico reported on its website.

“We are studying the acquisition of BPN,” Fernando Teles, chief executive of BIC, said Thursday, cited by financial news agency Bloomberg.

Teles, who has a 20-percent share of Banco BIC, told the agency that, “our team in Lisbon is studying the dossier and we will make a decision by 20 July.”

Amongst the biggest shareholders of Banco BIC are also Portuguese businessman Américo Amorim and Angola’s Isabel dos Santos, each with a stake of 25 percent.

BPN was nationalised at the end of 2008 and the bank’s privatisation has to be concluded by July as imposed by the so-called “troika”, which imposed a number of conditions in order to approve a financial rescue package for Portugal. (macauhub)