Angola's Unitel offers to buy 10 pct of BPI unit

January 4, 2016 10:10 AM

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LISBON Jan 4 Angola's Unitel has rejected Portuguese bank Banco BPI's plans to spin off its African assets and instead offered to buy 10 percent of BPI's Angolan operation BFA.

In a letter on Sunday to BPI, Unitel said it had offered 140 million euros for a 10-percent of BFA, in which it already holds a 49.9 percent stake.

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