Angola’s Capital Market Commission (CMC) has approved the public sale of a \u200b34% stake in Standard Bank de \u200cAngola, clearing the way for the lender’s stock market debut and advancing the disposal \u200bof shares seized by the state \u200bfrom businessman Carlos Sao Vicente.<\/p>\n
The regulator approved \u2060the sale of 4.76 million shares, \u200brepresenting 34% of the bank’s share \u200bcapital, according to documents released by the regulator.<\/p>\n
The government owns 49% of the bank after seizing \u200bthe stake from former insurance tycoon<\/p>\n
The \u200boffer will run from September 11 to 25, with \u200ctrading \u2060on Angola’s BODIVA exchange expected to begin on September 30.<\/p>\n
Standard Bank Group owns the remaining 51% and has the \u200bright to \u200bbuy an \u2060additional 24% stake in the Angolan business.<\/p>\n
The offer document reserves \u200b24% of the shares on \u200bsale \u2060for Standard Bank Group, with the remaining 10% offered to the public.<\/p>\n
The offer price \u2060range \u200bis 41,220 kwanza ($45.16) to \u200b50,000 kwanza per share<\/p>\n","protected":false},"excerpt":{"rendered":"
Angola’s Capital Market Commission (CMC) has approved the public sale of a \u200b34% stake in Standard Bank de \u200cAngola, clearing the way for the lender’s stock market debut and advancing the disposal \u200bof shares seized by the state \u200bfrom businessman Carlos Sao Vicente. The regulator approved \u2060the sale of 4.76 million shares, \u200brepresenting 34% of […]<\/p>\n","protected":false},"author":1,"featured_media":21953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":7,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,2362,30],"tags":[275,5437,5436],"class_list":["post-21952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-southern-africa","tag-angola","tag-carlos-sao-vicente","tag-standard-bank-de-angola"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/21952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=21952"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/21952\/revisions"}],"predecessor-version":[{"id":21954,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/21952\/revisions\/21954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/21953"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=21952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=21952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=21952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}