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Sonangol Raised Stake in Banco Comercial to 11.6%, Jornal Says

Oct. 12 (Bloomberg) -- Angolan oil company Sonangol EP raised its stake in Banco Comercial Portugues SA to 11.6 percent, Angolan weekly newspaper Novo Jornal reported today, without saying how it got the information.

Sonangol had a stake of 11.03 percent in Portugal’s second-biggest publicly traded lender on June 30, according to Banco Comercial.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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