Bloomberg News

Angola’s Sonair Plans to Acquire About 51% of Sao Tome’s STP Air

April 09, 2012

Sonair, airline unit of Sonangol EP, will acquire a “minimum” of 51 percent of STP Air of the islands of Sao Tome and Principe, Agencia Angola Press reported, citing Prime Minister Patrice Trovoada of Sao Tome and Principe.

Sonangol, Angola’s state-run oil company, has investments in the fuel, port and airport sectors in the islands nation and may expand to other areas, Trovoada was cited as saying by the Luanda-based news agency.

To contact the reporter on this story: Candido Mendes in Luanda at cmendes6@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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