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Angolan mobile operator accepts Banco BPI's offer of 2% stake in Angolan unit

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Angolan mobile operator accepts Banco BPI's offer of 2% stake in Angolan unit

Angolan mobile operator Unitel agreed to 's of a 2% stake in .

The transaction would leave Banco BPI and Unitel withrespective stakes in the Angolan bank of 48.1% and 51.9%. The entities notedthat they signed a sale contract and a new shareholder agreement relating toBanco de Fomento Angola, which will take effect following the completion of thetransfer of the stake.

The shareholding was priced at €28 million. The deal issubject to approval from the Banco Nacional de Angola and a Banco BPI generalmeeting.