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Angolan conglomerate buys one-third of country’s second-largest bank for at least $452 million

Spanish banking group CaixaBank is preparing to leave Angola after its Portuguese subsidiary agreed to sell a one-third interest in one of the country’s biggest banks for at least $452 million. CaixaBank’s Portuguese subsidiary, Banco BPI, has agreed to sell its entire 33.35% interest in Banco de Fomento Angola.…

Business Insider AfricaBy Ayodeji Adegboyega
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Angolan conglomerate buys one-third of country’s second-largest bank for at least $452 million
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Africa Business Review aggregates and summarises reporting from trusted publishers. The full article is published by Business Insider Africa.

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Original headline: “Angolan conglomerate buys one-third of country’s second-largest bank for at least $452 million

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