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Privatisation of the Angolan debt and securities exchange ("BODIVA")

Business Alert

25 Nov 2024 Portugal 2 min read

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BODIVA in numbers

  • BODIVA was incorporated in 2014 by Presidential Decree no. 97/14 of 07 May and began operations in 2015;
  • On 30 June 2024, BODIVA reported a net profit of Kz 437,000,000.00 (four hundred and thirty-seven million kwanzas);
  • On 30 June 2024, BODIVA reported a turnover of Kz 2,195,000,000.00 (two thousand one hundred and ninety-five million kwanzas).

Context

  • The Institute for the Management of State Assets and Holdings ("IGAPE") announced the launch of the Initial Public Offering ("IPO") for the sale of BODIVA shares, as part of the Angolan Privatisation Programme ("PROPRIV");
  • A total of 180,000.00 (one hundred and eighty thousand) Ordinary, book-entry, and nominative shares with a nominal value of Kz 4,500.00 (four thousand five hundred kwanzas) will be put for sale, representing 30 % of BODIVA's share capital and voting rights;
  • 12,000.00 (twelve thousand) shares, representing 2% (two per cent) of BODIVA's share capital and voting rights, are reserved for the respective employees.

Tender

  • The shares will be available at a minimum unit price of Kz 8,633.00 (eight thousand six hundred and thirty-three kwanzas) and a maximum of Kz 13,259.00 (thirteen thousand two hundred and fifty-nine kwanzas);
  • The maximum subscription is 59,999.00 (fifty-nine thousand, nine hundred and ninety-nine) shares;
  • Purchase orders must be submitted to the following brokers: Áurea, Caixa Angola, BFA Capital Markets and Lwei Brokers;
  • The tender is open to both national and foreign entities.

Tender documents

  • Interested parties may obtain the procedural documents free of charge from the websites of IGAPE, BODIVA, Áurea, Caixa Angola, BFA, Lwei Brokers and the Capital Markets Commission (CMC).

Quando

  • Expressions of interest must be submitted by 3:00 PM on 6 December 2024.

Should you require further information, please do not hesitate to contact us.

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