Angola : Sonangol sells its non-oil assets

Engaged in a process of refocusing on its core business, the Angolan oil company Sonangol announced on 24 April the launch of public tenders to sell its non-oil interests. The country’s leading state-owned company holds shares in companies active in aviation, hotels and maritime services. These disposals, announced in early March, should, once completed, pave the way for Sonangol’s IPO, which is expected to take place by 2022. Interested parties must submit their bids by 30 May.