UNITEL Launches IPO, Opens 15% Stake to Public Investors
The offering is being conducted by the Institute for the Management of State Assets and Participations (IGAPE) under Angola's Privatisation Programme (PROPRIV), which aims to increase private sector participation in state-owned enterprises and deepen the country's capital markets.
Angolan telecommunications operator UNITEL has announced the launch of its Initial Public Offering (IPO), giving investors the opportunity to acquire shares in the company as part of the country’s ongoing privatisation programme.
According to the company, the IPO involves the sale of shares representing 15% of UNITEL’s share capital. The offering is being conducted by the Institute for the Management of State Assets and Participations (IGAPE) under Angola’s Privatisation Programme (PROPRIV), which aims to increase private sector participation in state-owned enterprises and deepen the country’s capital markets.
UNITEL said the public offering is being supervised by Angola’s Capital Market Commission, which is responsible for overseeing the transaction and ensuring compliance with the country’s securities regulations. Prospective investors have been encouraged to review the official prospectus and launch announcement to understand the terms and conditions of the share sale before participating.
The company described the IPO as an opportunity for investors to become shareholders in one of Angola’s leading telecommunications providers. The share sale marks another milestone in Angola’s broader efforts to promote investment, strengthen the domestic capital market and expand public participation in strategic national companies.
