The state-owned oil company Sonangol has opened a tender to sell HCTA Hotel (Talatona Conventions Hotel), a five-star infrastructure, ANGOP has learnt.
The infrastructure is a result of a Sonangol financing of over US$200M.
The tender is open to local and foreign bidders, with the deadline for registration of the interested entities set for 16 October 2020, reads an announcement issued by Sonangol in the public daily newspaper “Jornal de Angola”.
The deadline for the bidders to present their proposals is 04 December 2020.
To be able to participate in the tender, each bidder is required to give deposit of US$ 1M (or the equivalent in kwanza).
Besides the HCTA hotel, in the ambit of the Angolan Executive’s Privatization Programme (Propriv) – which intends to alienate about 195 state assets – Sonangol intends to terminate its investment 19 out of 50 enterprises in which it has participation, both inside and outside the country.