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Angola’s Sonangol to Boost Stake in Banco Comercial, Diario Says

Angolan oil company Sonangol EP plans to take part in Banco Comercial Portugues SA’s 500-million-euro capital increase and bolster its stake in the Portuguese bank, Diario Economico reported, without saying how it got the information.

Banco Comercial aims to carry out the capital increase in July or in September at the latest and is preparing a road show to present the operation to international investors, according to the Portuguese newspaper.

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