Topics
Startups & funding AI & Automation Policies & regulations Crypto & Web3 Energy & Technology Career & Workplace Business & Economy
Filters
1158
456
234
167
156
78
43
38
37
35
33
28
28
26
23
22
21
19
19
16
16
16
16
12
11
11
11
11
11
10
10
9
8
7
7
6
6
6
6
5
5
5
5
5
4
4
4
4
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
0
0
0
0
602
575
395
391
315
304
189
128
127
125
122
120
97
82
77
69
57
48
10
1
1
1
Article

Angola approves the sale and BODIVA listing of a 34% stake in Standard Bank's local unit.

AllAfrica Business Sep 8, 2026
Read the original Article page

TL;DR

Angola's Capital Market Commission approved the public offer of 4.76 million shares in Standard Bank de Angola, representing a 34% state-owned stake.

Subscriptions will run from September 11 to September 25, with trading expected to begin on Angola's BODIVA exchange on September 30 at Kz41,220 to Kz50,000 per share.

Intelligence

Standard Bank Group, which currently holds 51% of the lender, has the right to buy 24% of the shares, leaving a 10% stake for the general public.

The sale is part of Angola's PROPRIV privatization programme, aimed at reducing state ownership and expanding the domestic capital market.

This listing marks a significant step in Angola's PROPRIV privatization drive, signaling the government's commitment to shifting away from direct asset sales to capital market listings to attract institutional investors like pension funds.

By allowing South Africa's Standard Bank Group to potentially increase its stake to 75%, Angola is signaling openness to deeper foreign corporate control in its financial sector.

Over the final quarter of the year, the primary test will be whether the small 10% public float can generate sufficient market liquidity on the BODIVA exchange or if the stock remains tightly held.

Funding extracted from this article

1
Standard Bank de Angola Ipo · Kz196.2 billion to Kz238 billion

Regulatory activity extracted

1
Capital Market Commission Approval granted

Tenders extracted

0

No tenders were extracted from this article.

Further reading

More on the companies named in this article.

Companies named

6

People named

1

Elsewhere on these companies

Other recorded activity involving the same companies.