Bloomberg News

Angola’s Sonangol to Boost Stake in Banco Comercial, Diario Says

June 14, 2012

Angolan oil company Sonangol EP plans to take part in Banco Comercial Portugues SA (BCP)’s 500- million-euro capital increase and bolster its stake in the Portuguese bank, Diario Economico reported, without saying how it got the information.

Banco Comercial aims to carry out the capital increase in July or in September at the latest and is preparing a road show to present the operation to international investors, according to the Portuguese newspaper.

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To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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