Angola raises $224 million from sale of 34% stake in Standard Bank’s local unit
Bloomberg reports that investor demand was almost double the shares offered, while Standard Bank Group increased its controlling interest in the local lender.
TLDR
Bloomberg reports Angola raised 208.5 billion kwanzas ($224 million) from selling a 34% stake in Standard Bank Group’s local unit. Investor demand was almost double the shares offered, and Standard Bank Group increased its controlling interest.
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