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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

Angola’s Sonangol, banks interested in Portuguese companies

Posted on 24 January 2012

Angola’s state-owned oil company Sonangol EP and some of the African country’s banks are interested in stakes in Portuguese companies, Angolan Economy Minister Abraao Gourgel said.
The country still lacks the financial ability to create a sovereign wealth fund to invest Angola’s oil money abroad. The government has decided to create smaller funds to invest in the energy sector and in building new infrastructure following a 27- year civil war that ended in 2002, Gourgel said………………………………………..Full Article: Source


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