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Mon, 25 Feb 2019 19:03 - Updated Mon, 25 Feb 2019 19:03

UNITEL divergences may end in March

Luanda - The dispute between Unitel shareholders over the renewal of the terms of office of members of the corporate bodies may end on March 19, with the holding of an extraordinary general meeting, said the State Owned oil company 's CEO, Carlos Saturnino.

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CEO of Sonangol, Carlos Saturnino

Photo: Gaspar dos Santos

Carlos Saturnino stressed that the mandate of the corporate bodies of UNITEL ended on December 31, 2018 and that the four shareholders, with equal interests (25% each), must find consensus on the new members of the governing bodies for the period 2018-2022.

The differences between shareholders are essentially due to the fact that only one shareholder makes unilateral decisions, all of which have equal shares.

"Let's negotiate. We did the same exercise at the level of Millennium BCP Bank in Portugal and with Amorim Energia," said  Sonangol CEO.

Sonangol's situation at UNITEl is positive, according to the CEO of the State-owned oil company, but it still does not satisfy.

The shareholders of UNITEL are Sonangol, PT Ventures, Geni and Vidatel.

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