Angolans are the foreigners that invest most in Portuguese stock exchange

20 August 2013

Angolan investors are the foreigners that hold the largest interest in companies included in the Portuguese PSI20 index, the main index of the Euronext Lisbon Stock exchange, according to Portuguese financial daily newspaper Diário Económico.

The newspaper calculated that Angolans have so far invested 2.86 billion euros in Portugal’s top 20 listed companies.

Stakes in Galp Energia, Zon Multimédia and BPI bank were enough for Angola to overtake China, Italy and Spain on the list of countries that have invested most in the Portuguese stock market.

One of the factors that has helped Angolan investors was the higher stake acquired by Amorim Energia, 55 percent owned by Portuguese businessman Américo Amorim and 45 percent by Esperanza Holding, in energy company Galp Energia.

Esperanza Holding is owned by Sonangol, which has a controlling stake, and by Angolan businesswoman and daughter of Angola’s President, Isabel dos Santos. The Angolan investment vehicle’s stake in Galp Energia is worth 1.79 billion euros.

Américo Amorim’s stake is valued at 2.2 billion euros, making the Portuguese businessman the fourth-biggest single investor in the Portuguese stock market. (macauhub)