Sonangol “universe” privatizations around USD 130 million

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Sonangol “universe” privatizations around USD 130 million
Sonangol “universe” privatizations around USD 130 million

Africa-Press – Angola. The sale of assets and stakes in Sonangol outside the “core business” allowed the contracting of US$130 million, in the 2019/2022 period, of which US$65 million was paid (50%), within the framework of the Privatizations (Propriv).

In the period in question, 24 assets and holdings were sold, out of a total of 56, sold in Angola and abroad, according to data from the last press conference on the provisional results of the national oil company for 2022.

Of the processes initially planned for the second half of 2022, seven were transferred to the 2023/2027 cycle.

In 2022, six assets valued at approximately US$48 million were sold.

Assets and holdings sold include hotel units, travel agencies, holdings in financial institutions, such as Banco Angolano de Investimento (BAI), real estate projects, among others.

The list includes companies such as, for example, Atlântida Viagens e Turismo (Luanda and Lisbon), Dirani Project (real estate company), Sonatide Marine Service, Sonadiets Services, Puma Energy (asset exchange), Puaça (property Av. of the Republic), WTA/Howston Express, WTA International.

Assets were also sold in the companies WTA/Luanda, ITSS Internacional, Sonsurf Internacional, Sonsurf Angola, Dirani Project (real estate project), Tidewater Marine (oil transport), the hotels Florence, Maianga, Centro and Hotel Talatona, the latter transferring right of exploitation and management.

Other assets are in the process of being privatized under the responsibility of the National Institute of Management and State Participation (IGAPE).

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