Luanda – Sixteen million US dollars (AKz 5.4 billion) is the amount that the Angolan State raised, less US$ 64 million than expected, with the full privatization of five industrial units dead for 10 years, located in the Luanda/Bengo Special Economic Zone (ZEE).
The initial projection was to raise US $80 million (14.6 billion kwanzas), but the market eventually dictated the final value of the acquisitions. The units were sold as part of the State assets privatization process, which eventually invested in the five units $ 30 million, according to data provided today by a representative from the Institute for State Assets’ Management and Participation (IGAPE)’s Board of Directors.
Industries privatized are Carton, Indugidet, Juntex, Univitro and Coberlen, whose keys were formally handed over to the new owners on Monday, after signing the acquisition contract. Under the terms of the agreement signed today, the purchasing companies have a period of 30 days from the date of signing to transfer to the Public Treasury Account the total amount of the acquisition of each industrial unit.
The ceremony was chaired by IGAPE’s chairman Valter Barros and witnessed by the chairman of the Special Economic Zone (ZEE), Henriques da Silva, Sonangol representatives and investors.