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Angola’s 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.