Angola: Sonangol, banks interested in Portuguese companies

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. Angolan companies and investors have been increasing their stakes in companies in Portugal, which last year became the third euro-region country to request a bailout from the European Union and the International Monetary Fund. Sonangol owned 11.6 per cent of Banco Comercial Portugues, Portugal's second-biggest publicly traded bank in terms of market value, as of last June. Isabel dos Santos, daughter of Angolan President Jose Eduardo dos Santos, owned 10 per cent of Portugal's Banco BPI SA and 10 percent of Zon Multimedia SGPS SA , Portugal's biggest cable television operator. Angola is Africa's second-biggest oil producer.