Two of the bank’s biggest shareholders — state-owned oil company Sonangol and diamond producer Endiama — will tender 10% of their shares in the IPO, according to thepublished on BAI’s website. The shares are set to be priced at between 17,200 kwanzas and 20,640 kwanzas, valuing Angola’s biggest bank at about $972 million.
The start of stock trading is the next step in Angola’s bid to lure overseas investors into Africa’s second-largest oil producer. The nation’s economy has been on an upswing after it exited five years of recession in 2021 and had its credit rating upgraded by Moody’s Investors Service.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Netflix Tumbles as 200,000 Users Exit for First Drop in DecadeLosing customers for the first time in a decade, Netflix Inc is throwing out all of its old rules.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: New Zealand Tourism to Take Years to Recover From Covid ShutdownNew Zealand expects the international tourism market to take more than three years to recover to pre-Covid levels as it gradually dismantles some of the world’s strictest pandemic border controls.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: U.K. Faces Worst Inflation Shock Among G-7 Nations, IMF SaysBritain faces the worst inflation shock of all major advanced economies over the next two years, the International Monetary Fund warned as it slashed its growth forecast. I have always hated Bitcoin and thought it was a scam until a friend referred me to _ambreymarcus1, I made my first withdrawal of R100,000 in 2 weeks thanks to _ambreymarcus1.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Biden Team Wavers on Fight Over Masks After Court SetbackThe Biden administration remains at a loss in responding to a federal judge’s ruling striking down the pandemic mask requirement for plane and rail travel, with the White House and various agencies struggling to devise and coordinate a legal strategy more than a day later.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Rare Pakistan Airstrikes on Taliban Show Tension After US ExitPakistan’s rare airstrikes inside Afghanistan over the weekend that killed more than 40 civilians show simmering tensions with the Taliban following the US withdrawal from the region.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Brazil Power Giant’s $14 Billion Sale Nears Make-Or-Break PointInvestors in Brazil’s state-controlled power utility Eletrobras are waiting for a key ruling that could allow the government to move forward with the company’s long-awaited privatisation plan.
Source: dailymaverick - 🏆 3. / 84 Read more »