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With MPLA at the Wheel, Carrinho Became a FerrariPhoto by LeoBezerra on Pexels
Business

With MPLA at the Wheel, Carrinho Became a Ferrari

Folha 812 September 2026 at 13:46

Banco BPI is leaving Angola. The Portuguese bank announced its exit from the capital of Angolan BFA through the sale of its stake to the Carrinho Group. The value of the transaction amounts to 388.5 million euros.

The sale was agreed between Banco BPI and Congolian Financial (CFSA), which will take over the position previously held by the Portuguese bank in BFA.

The Carrinho Group had previously expressed interest in the Angolan bank. The company was one of BFA's reference shareholders since the initial public offering held a year ago, when it took the opportunity to build a 7.61% stake in the bank's capital.

Why this matters

This deal directly affects BFA's customers and workers in Angola, who will see a change in the shareholder structure of their bank. It is also a significant signal for the Angolan financial sector at a time when local economic groups are strengthening their presence in the banking sector, and it marks the completion of an operation that had long been speculated between the Portuguese bank and Fernando Teles' group.

About this summary

This is our short summary of a report published by Folha 8 on 12 September 2026 at 13:46; the full text stays with the publisher. In our feed it sits under Business. We currently carry 21963 items in that section.

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