Standard Bank's Angola Shareholder Sells 49% Stake to Exit Unit

  • AAA-Activos bought holding in Standard Bank Angola in 2012
  • Standard Bank retains remaining 51 percent stake in business

Standard Bank de Angola SA’s shareholder AAA Activos Lda said it agreed to sell its 49 percent stake in the unit of Africa’s largest lender by assets to Inpal-Investimentos e Participacoes Lda, an Angolan investment-holding company.

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