The Angola Ministry of Finance has opened the public sale of shares in UNITEL, running from July 6 to July 24, with 7.5 million shares available for subscription, equal to 15% of the telecom operator's share capital. The transaction forms part of Angola's Privatization Program and is structured to place part of the company with employees and the remainder with the wider market. Of the shares on offer, 1 million shares, or 2% of UNITEL's capital, are reserved for employees, while 6.5 million shares, or 13%, are allocated to the general public, including retail and institutional investors. At the opening of the roadshow, officials linked the operation to the listing of UNITEL on the Angola Debt and Securities Exchange, which they said would deepen the domestic equity market and increase the representation of the telecommunications and information technology sectors. IGAPE, as the state entity responsible for managing public financial holdings, is overseeing compliance with the legal and regulatory framework. BFA Capital Markets is acting as global coordinator, with support from Áurea and a placement syndicate of 15 authorized financial institutions.
Ministry of Finance (Angola)2026-07-06
Angola Ministry of Finance opens UNITEL public share sale of 15 percent stake under privatization program
The Angola Ministry of Finance has opened UNITEL's public share sale from July 6 to July 24, offering 7.5 million shares equal to 15% of the company's capital under the privatization program. The offer reserves 1 million shares for employees and allocates 6.5 million shares to the general public. Officials also linked the transaction to UNITEL's admission to the Angola Debt and Securities Exchange.