Africa-Press – Angola. The chairman of the Board of Directors of the Instituto de Gestão de Activos (IGAPE), Patrício Vilar, reaffirmed this Wednesday, in Luanda, that the privatization of Sonangol could be completed by 2026.
Speaking to the press, at the end of a visit to that oil company, he said that the company has a vast heritage in the world, which is why the privatization process cannot end this year.
“It will certainly not be this year, but within the period of the second phase of the privatization program, which ends in 2026”, he said, underlining that Sonangol is a group of companies with several business units, activities, subsidiaries and holdings.
According to Patrício Vilar, one of the matters monitored by IGAPE, in all companies, has to do with the reservations presented by the auditors, and in the case of Sonangol there was “a significant evolution” in relation to this process (auditors’ reservations).
He explained, on the other hand, that the visit allowed the IGAPE technicians to understand the dynamics of the company, to internalize, in their analyses, the ways in which they are organized and the operational part.
On his turn, the chairman of the Board of Directors of Sonangol, Sebastião Martins, referred that the visit allowed the two bodies to know the current state of the oil company and how IGAPE can increase the degree of monitoring of the activities of the same company.
Sebastião Martins added that Sonangol took the opportunity to present to IGAPE information on the company’s portfolio of activities and businesses and the accountability process.
IGAPE’s visit to Sonangol was part of the reinforcement of monitoring the operational activity of public companies and served, essentially, to assess the performance of the state oil company in recent years, as well as to make known the company’s objectives for the coming times.
This version updates the text released this Wednesday, with the title “ Privatization of Sonangol assets starts in 2024”, shared by some news portals, whose content was inaccurate.
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