Mozambique’s central bank, whose pension fund owns 80 percent of Moza Banco SA, is considering the sale of a minority stake after it injects further funds in the failed lender, according to four people familiar with the matter.
The sale could follow a rights issue next month in which the pension fund will be the only participant, the people said, asking not to be identified because the plans are private. Moza Banco’s other investors, Novo Banco SA of Portugal and Mocambique Capitais, won’t exercise their rights in the share sale, they said.