Following the Privatisation Programme (PROPRIV), the proceedings regarding the disposal of shares of Banco Angolano de Investimentos (BAI) and the privatisation of Empresa Nacional de Seguros de Angola (ENSA S.A.) have been initiated.

The privatisation of ENSA, as well as the disposal of 10% of BAI shares, indirectly held by the State, will be carried out through pre-qualification bid.

The process of hiring a financial intermediary is currently underway. This intermediary shall be responsible for assessing the assets and conducting due diligence, as well as preparing a schedule proposal for the privatisation process.

These are part of a number of privatisations to take place within the financial sector, including the disposal of 100% of Banco de Comércio e Indústria (BCI) and the disposal of 25% of shares of Banco Caixa Geral Angola (BCGA).

Should you wish to receive additional information on this alert, please contact:
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