Luanda - One hundred and 80 thousand ordinary shares of the Angolan Debt and Securities Exchange (BODIVA), corresponding to 30 percent of its share capital, will be for sale, from the 19th of this month to the 6th of December, to national and foreign investors, through a public offering.
The sale, whose formal launch session took place this Monday, is issued by the Asset Management Institute and is part of the State Asset Privatization Program (PROPRIV).
Approved by Presidential Decree No. 66/24, of March 13, 2024, the offer is subdivided into 168,000 shares (28% of the share capital) for the general public and 12,000 shares (2%) for employees of the company. BODIVA and the sale price per share varies between 8,633 and 13,259 kwanzas.
Purchase orders can be submitted to intermediation agents, namely Áurea, BFA Capital Markets and Lwei Mansa Musa Brokers.
When intervening at the launch of the Public Offering for Sale, the president of the Board of Directors of the State Asset and Participation Management Institute (IGAPE), Vera Escórcio, highlighted that the sale of 30 percent of BODIVA's shares aims to contribute to the redistribution of national income and enabling broad participation in the ownership of the share capital of public companies.
This privatization, she said, constitutes an essential step towards consolidating the strategy of improving the efficiency of the public business sector, by encouraging more active participation of the private sector in strategic and competitive segments of the economy.
According to the manager, with the opening of its share capital, BODIVA will be more open to high standards of transparency, auditing and regulation, characteristics that strengthen the confidence of national and international investors.
She highlighted that this operation not only reinforces the consolidation of the national financial market, but also ushers in a new era of opportunities for strengthening the Angolan economy.
In turn, the president of the Executive Committee of BODIVA, Walter Pacheco, considered that, with the purchase of these shares, investors will gain a transparent, profitable company that publishes accounts without reservations.
He recalled that for the creation of BODIVA, in 2014, the State invested 900 million kwanzas, having already received, to date, 1.7 billion kwanzas in dividends.
BODIVA
Currently wholly owned by the State, BODIVA is a public limited company, whose corporate purpose consists of managing regulated markets in Angola, and may also carry out activities related to the function which was assigned, in particular, the provision of services related to the issuance and trading of securities and other operations that do not constitute financial intermediation activities.
Related activities include the preparation, distribution and marketing of information relating to financial instrument markets; development, management and marketing of computer equipment and programs, as well as telematic networks intended for contracting and transmitting orders or data, within the scope of the capital market; management of clearing and settlement systems for Securities and other financial instruments.
Since the launch of PROPRIV, in 2019, the State has privatized 109 assets, six of which were carried out this year. ACC/VC/DOJ
