While the size of the possible sale of shares in Banco BIC hasn’t been decided, it has put together a team to study the share offering and has also picked financial advisers for the sale.
Banco BIC, which has operations in Angola, Namibia, Cape Verde and Portugal, would use funds raised from a share sale to fund expansion, and is looking for opportunities in Africa and Asia, said Dos Santos. “We’re looking at mergers, we’re looking at acquisitions. We have quite an aggressive acquisition and licensing plan.” Banco BIC is discussing an opportunity in South Africa, she said, without elaborating.
Her dismissal as chair of Sonangol shouldn’t affect her investment in Portuguese oil company Galp Energia, where she holds an indirect stake, along with Sonangol and the heirs of Portuguese investor Americo Amorim of 33.4 percent, Dos Santos said.
“These are two different things,” she said. “The Galp investment is a very old investment, it dates back to 2008. It’s a stable investment.”
Dos Santos said she remains happy with her investment in Portuguese cable operator NOS, which is controlled by a joint venture Dos Santos owns with Sonaecom SGPS SA.
“The position in NOS is one to maintain and to keep,” said Dos Santos. “I like to think that our investment in NOS is an investment that will allow it to generate further growth and to look at the possibility of NOS growing in other areas, both inside and outside Portugal.”
This article was provided by Bloomberg News.