Angola Approves Standard Bank Stake Sale
Angola has approved the public sale of a 34 percent stake in Standard Bank de Angola. The shares were previously seized from tycoon Carlos Sao Vicente and are set for a stock market debut later this month.
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Angola's Capital Market Commission approved the public sale of a 34% stake in Standard Bank de Angola, opening the path for the lender's stock market debut. The regulatory clearance advances the state's disposal of shares seized from businessman Carlos Sao Vicente. The offering covers 4.76 million shares, representing 34% of the bank's share capital.
