Angola wants to privatize part of CGD’s bank in the next quarter | Companies



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The Portuguese public bank controls 51% of Banco Caixa Geral Angola
Rui Gaudencio / Audience

The Angolan government is taking the final steps towards privatizing the 25% that Sonangol holds in Banco Caixa Geral Angola (BCGA), controlled by Caixa Geral de Depósitos. According to information provided to the PUBLIC by the Angolan Ministry of Finance, the privatization will take place through a public tender, and is expected to “be completed in the first quarter of 2021”.

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