Luanda—Angola’s Capital Market Commission (CMC) has approved the public sale of a 34% stake in Standard Bank de Angola, clearing the way for the bank’s stock market debut and advancing the state’s disposal of shares seized from businessman Carlos São Vicente.
The regulator approved the sale of 4.76 million shares, representing 34% of the bank’s share capital, according to documents released by the CMC.
The offer will run from September 11 to September 25, with trading on Angola’s BODIVA exchange expected to begin on September 30.
The Angolan government currently owns 49% of Standard Bank de Angola after taking control of the stake from former insurance tycoon Carlos São Vicente.
Standard Bank Group, which owns the remaining 51%, has the right to acquire an additional 24% stake in the Angolan business.
Under the offer structure, 24% of the shares being sold are reserved for Standard Bank Group, while the remaining 10% will be made available to the public.
The shares will be offered at between 41,220 kwanza ($45.16) and 50,000 kwanza per share, according to the offer documents.
The listing would give investors greater access to one of Angola’s major banking businesses while providing the government with a mechanism to monetise assets seized during its efforts to recover state-linked assets.
Key Details
- Stake offered: 34%
- Shares: 4.76 million
- Government ownership: 49%
- Standard Bank Group: 51%
- Offer period: September 11–25, 2026
- Expected BODIVA trading: September 30, 2026
- Offer price: 41,220–50,000 kwanza per share
- Public allocation: 10%
- Standard Bank Group allocation: 24%
Source: Reuters
Reporting: Miguel Gomes
Writing: Sfundo Parakozov
Editing: Edward Tobin
