Angola’s dos Santos to promote Eurobic stake, resolution is ‘last’

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FILE PHOTO: Isabel Dos Santos, daughter of Angolan former President and Africa’s richest lady, sits for a portrait throughout a Reuters interview in London, Britain, January 9, 2020. Image taken January 9, 2020. REUTERS/Toby Melville/File Photograph

LISBON (Reuters) – Portugal’s small unlisted financial institution Eurobic stated on Wednesday that its predominant shareholder, Angolan billionaire former first daughter Isabel dos Santos, determined to withdraw from the financial institution’s shareholding construction and promote her stake.

In a press release despatched to Reuters, Eurobic stated the promoting technique of the 42.5% stake had already began, including that dos Santos’ resolution is “last” and her exit will happen “as quickly as potential”.

Portuguese information company Lusa earlier quoted Angola’s public prosecutor as saying dos Santos had been named a proper suspect over alleged mismanagement and misappropriation of funds throughout her time as chairwoman of state oil firm Sonangol.

Reporting by Sergio Goncalves, writing by Catarina Demony, Modifying by Andrei Khalip and Chizu Nomiyama

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