Banco BPI shareholders approve sale of stake in Angolan unit

Shareholders in Banco BPI approved on Tuesday the sale of a stake in Angolan bank BFA, handing control of BFA to Angolan telecoms firm Unitel to meet requirements by the European Central Bank on risky exposure to the Angolan economy. One of the shareholders said the motion to sell the 2 percent stake was approved … Continue reading Banco BPI shareholders approve sale of stake in Angolan unit