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Context
- In August 2024, as part of the Privatisation Programme ("PROPRIV"), 15% of the shares held by the Angolan State, through Unitel, S.A., in Banco de Fomento de Angola, S.A. ("BFA") have been authorised to privatisation.
- The shareholder Banco BPI, S.A. ("BPI"), holder of 14.75% of BFA´s share capital, will also make its shares available for trading on the stock exchange.
Initial Public Offering
- A total of 4,462,500 ordinary, book-entry and registered shares, with a nominal value of Kz 6,000.00 each, representing 29.75% of the share capital and voting rights of BFA, will be sold.
- 300,000 shares, representing 2% of the share capital of BFA, are reserved for preferential acquisition by employees.
- The remaining 4,162,500 shares, representing 27.75% of BFA´s share capital, are to be offered for sale to the public.
- Each investor may subscribe between 5 and 1,499,999 shares.
- The offering is open to both national and foreign entities.
Sale Price
- Shares will be available at a unit price between Kz 41,500.00 and Kz 49,500.00, to be determined predictably on the business day following the end of the offer period, without prejudice to applicable expenses and tax charges.
Intermediary Agents
- Purchase orders must be submitted through the following intermediary agents: BFA, BFA Capital Markets, Eaglestone, Hemera Capital Partners Securities, Inovadora Capital, Kyros, Aurea, Safira, Standard Invest, Black N Share, Kitadi Capital Partners, Prime Solutions, Prospectum Capital, Madz Global, Lucrum Trust, Lwei Mansamusa Brokers, Banco Caixa Geral Angol, Resultados, Fincrest, Distribuidora Valor.
When
- The offer will take place from 9AM tomorrow until 3PM on 25 September 2025.
Should you require further information, please do not hesitate to contact us.
