The Unitel IPO roadshow starts this week: Angola will float 15% of the telecom giant seized from Isabel dos Santos on the BODIVA exchange in Luanda.
ANGOLA · MARKETS
Key Facts
—Roadshow imminent: Unitel said on July 4 it will begin marketing its IPO to investors in the coming days, ahead of a listing on Angola’s BODIVA exchange.
—What is for sale: The state plans to float about 15% of the company, with roughly 2% of the shares reserved for employees.
—The seizure: Angola took full ownership of Unitel in October 2022, stripping the 25% held by Isabel dos Santos through her vehicle Vidatel.
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