With the right to appoint only one board member, the Benguela-based group now has two executive directors safeguarding its interests at Banco de Fomento Angola (BFA). The planned increase in its shareholding is expected to come through the secondary market and the sale of shares held by Portugal\u2019s BPI.<\/p>\n
Less than a year after indirectly entering the shareholder structure of Banco de Fomento Angola (BFA), Carrinho Group has consolidated its influence within the institution. The group now has two directors aligned with its interests represented in the bank\u2019s management bodies and is preparing to strengthen its shareholding position.<\/p>\n
As Valor Econ\u00f3mico reported earlier this year, despite successive negotiations involving the business group, the departure of then-Chief Financial Officer Francisca Costa was ultimately confirmed, along with the appointment of Portuguese national Jo\u00e3o Gon\u00e7alo Louren\u00e7o de Jesus as Financial Director.<\/p>\n
Jo\u00e3o Gon\u00e7alo Louren\u00e7o de Jesus had served as an advisor to the Board of Directors of Banco de Com\u00e9rcio e Ind\u00fastria (BCI) since Carrinho Group assumed control of that banking institution.<\/p>\n
Although the group was formally entitled to appoint only one director, sources close to the process state that it also influenced the selection of a second member of the Executive Committee. This was Nelson Rodera Monteiro, who prior to his appointment served as Executive Director of Banco Keve, another institution controlled by the business conglomerate.<\/p>\n
According to sources in the financial sector, the presence of these two directors strengthens the group\u2019s ability to influence the bank\u2019s strategic decisions at a time when Carrinho continues to evaluate ways to increase its shareholding in the institution.<\/p>\n
To avoid a concentration scenario within the financial system, given that it already holds controlling positions in other banking institutions, as well as interests in the insurance sector and securities brokerage activities, the group transferred its stake in BFA to the Closed-End Securities Investment Fund for Shares, Private Subscription (AXIOS), and to the Closed-End Securities Investment Fund (ASSET).<\/p>\n
Under this structure, the investment vehicle that includes Congolian Financial now controls 9.85% of BFA\u2019s shares.<\/p>\n
According to sources close to the group, the current strategy is to increase its ownership stake through the acquisition of additional shares. One option under consideration is the purchase of part of BPI\u2019s holding, which currently represents 33.35% of the bank\u2019s capital, should CaixaBank proceed with a possible divestment of that stake during the current financial year.<\/p>\n
The same sources argue that this route would be financially more attractive than acquiring shares dispersed across the secondary market. However, market sources consulted by Valor Econ\u00f3mico maintain that any future increase in Carrinho\u2019s position is more likely to occur through the purchase of shares currently held by private investors.<\/p>\n
At present, BFA\u2019s shareholder structure is led by Unitel, which holds 36.9% of the bank\u2019s capital, followed by BPI with 33.35%. The remaining 19.90% is distributed among other shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the right to appoint only one board member, the Benguela-based group now has two executive directors safeguarding its interests at Banco de Fomento Angola (BFA). The planned increase in its shareholding is expected to come through the secondary market […]<\/p>\n","protected":false},"author":3,"featured_media":9964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[74,69,78],"tags":[],"class_list":["post-9967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-business","category-featured"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts\/9967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/comments?post=9967"}],"version-history":[{"count":2,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts\/9967\/revisions"}],"predecessor-version":[{"id":9969,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/posts\/9967\/revisions\/9969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/media\/9964"}],"wp:attachment":[{"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/media?parent=9967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/categories?post=9967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.negociosdeangola.com\/en\/wp-json\/wp\/v2\/tags?post=9967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}