The privatisation process of several assets linked to national oil company Sonangol will take place between 2024 and 2026, the CEO of the Asset Management Institute (IGAPE) Patrício Vilar said Wednesday.
The privatisation process occurs via stock market dispersion, on Angola Debt and Stock Exchanges (BODIVA),” aimed at transforming into a public limited company.
Official statistics show that for 2023 the government plans to privatise local companies, such as Unitel, TV Cabo, Angola Telecom, the State’s stake in BFA via Unitel shares, Managing Society of the New Airport, insurance company “Ensa” and others.
On the other hand, the government announced plans for completion of the processes of some reference companies for 2024. They include Sonangol, Endiama, BODIVA, and TAAG, via the stock exchange.
During his visit to Sonangol company, IGAPE manager Patrício Vilar said there was an evolution in the privatisation process, adding that a significant number of the companies included in the privatisation process are part of the State oil company.
He also said due to many assets, “in almost all market segments and in many parts of the world, Sonangol needed a specialist company to turn it into a public limited company, such as IGAPE
Source: Angola Press News Agency (APNA)