Sonangol to Start Asset Sale in April

Angolan state oil company Sonangol will begin in April to sell its stakes in several private firms, chair Sebastiao Gaspar Martins said, as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022.

The eleven companies include local bank Banco BAI as well as Sonamet, Sonatip, and Sonadit dedicated to metals, maritime services and the maintenance of offshore companies respectively.

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