Banco BPI agrees to sell Angola stake for €388.5 million
Banco BPI agreed to sell its 33.35% stake in Banco de Fomento de Angola (BFA) to Congolian Financial (CFSA) for a fixed €388.5 million.
Banco BPI said on Thursday it agreed to sell its 33.35% stake in Banco de Fomento de Angola (BFA) to Congolian Financial (CFSA) for a fixed €388.5 million ($451.71 million). The transaction would mark the exit of the Portuguese unit of Caixabank from the Angolan market and would h…