Portugal’s Sumol+Compal group signs investment contract in Angola

13 September 2013

The Portuguese group Sumol+Compal signed on Thursday in Luanda an investment contract with Angola’s National Private Investment Agency (ANIP) to build a juice, nectar and soft drink production facility, the group announced.

The statement released via the Portuguese Securities Market Commission indicated that the contract was signed by Sumol+Compal Angola Invest, SGPS, a company in which the Portuguese group holds 50.1 percent of the share capital, and the Angolan company OGA – Companhia de Máquinas e Sistemas, Limitada.

Plans call for 22 million euros to be invested in the contract signed with the ANIP. The sum will be invested in the construction and operation of a factory to fill TetraPak containers and cans with juices, nectars and soft drinks, including marketing and distribution in Cuanza Norte province.

The investment will be financed by equity capital and accomplished by a company eventually incorporated under Angolan law. (macauhub)