The Institute of Management and Patrimonial Participation of the State (IGAPE) on Monday launched the public tender for the privatisation, in the form of the disposal of shares, of 30% of the capital of the Angola Debt and Securities Exchange (BODIVA S.A).
The tender, which is limited by advance qualification, is also open to foreign investors, according to a note from IGAPE to which ANGOP had access.
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According to IGAPE the applications should be presented as from the date of the public tender announcement up to 11:59 pm of 23 September 2022 through email@example.com.
The award criteria are the best price per share, corresponding to the best price which, according to the analysis of the proposals accepted, allows the disposal of all or the largest number of shares and which guarantees the dispersion of the shares among at least 50% of the competitors to submit valid proposals.
BODIVA is a public limited company whose corporate purpose is the management of regulated markets in Angola, with emphasis on the provision of services relating to the issue and trading of securities and other instruments.
Among other objectives, BODIVA has the responsibility to distribute and trade information related to markets in financial instruments, as well as in the development and management of computer programmes aimed at hiring and transmission of orders or data, within the scope of the capital market.
The Privatisation Programme 2019-2022 has as main objective to promoteg the most feasible conditions for private investment and the acquisition of specific know-how and skills for restructuring and resizing the public enterprise sector.
Under this programme, 84 government assets and holdings have already been privatised out of a total of 132 institutions to undergo the same process, and other relevant assets in the financial, telecommunications and industry sectors are under tendering procedures.