Mozambique wants to reserve 11% of BCI for national public
By the AFREEQUE newsroom, based on Cartamz
President Daniel Chapo proposes reserving 11% of Banco Comercial e de Investimentos’s capital for the Mozambican public, particularly employees, after BPI’s possible withdrawal, as it holds 36% of the bank. The remaining 25% would be offered to institutional and private investors, according to Cartamz.
The Mozambican government wants to reserve 11% of Banco Comercial e de Investimentos (BCI)’s share capital for citizens, bank employees and the national public, as part of the possible withdrawal of Banco Português de Investimento (BPI), which holds 36% of the bank, according to a proposal presented by President Daniel Chapo on Wednesday 14 October and reported by Cartamz.
The remaining 25 percentage points of the stake currently held by BPI would be offered to institutional investors and companies. Implementation of the project remains subject to negotiations and the necessary authorisations, according to Cartamz.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
