Luanda 9/13/08 – The mobile telephoning company UNITEL this Saturday here confirmed that it signed with the Portuguese Investment Bank (BPI) a memorandum of understanding with view to establish a strategic partnership in the Foment Bank of Angola
(BFA).
ANGOP learnt from a press release that UNITEL will start participating in the Foment Bank, and have a 49,9% share of BFA’s social capital, through the USD 475 million investment.
This initiative of UNITEL is an important step for the economic development of Angola and enables the optimisation of the supply of service of excellence to BFA.
The communiqué also refers that, the programme will also boost the 3,7 million clients of the firms in terms products and common services.
The referred agreement, which is already subject to approval by the due supervision authorities, namely the National Reserve Bank (BNA), foresees that the formalisation of the contracts happen until the end of October and that the transaction should be concluded by the end of the current year.