Angolan PGR collaborates with Portugal to “find a solution” for Eurobic
Without confirming the release of the accounts of Isabel dos Santos, arrested by the Angolan justice, as reported by Jornal Económico, an official source from the PGR indicated that he is contributing to the Portuguese authorities “so that the sale of the bank is carried out, in the best possible way”. .
The sale of the EuroBic bank was authorized to authorize the authorization to allow the authorization of the company of Finisantoro Holding Limited and Santoro Financial Holding, of which the businesswoman holds the authorization of 42.5% in EuroBic.
Jornal Económico today advanced the accounts that the PGR authorized Isabel dos Santos to make debt payments, through bank banks arrested in the context of the scandal that became known as `Luanda Leaks`, to the two companies.
According to the newspaper, PGRgolana has already communicated the decision to the lawyers of the former Angolan President, José Eduardo dos Santos, was authorized to move a maximum of 50 million euros, to pay debts to the tax authorities, social security and to the lawyers themselves.
Jornal Económico also mentions that Abanca offered around 210 euros for EuroBic, a value that would have been accepted by Fernando Teles, the second largest shareholder, with 37.5% and the other Angolan shareholders such as Luís Cortez dos Santos, Manuel Pinheiro Fernandes and Sebastião Lavrador (each with 5% of the capital).
EuroBic reported a €7.5 million in 2021 in June, compared to a follow-up profit of €5 million from the previous year when Isabel Santos’ participation was arrested, in `Luanda`.
“The net result obtained in the year 2021 amounted to 7.5 million euros, which compares very positively with the five million euros of negative result in the previous year”, announced the bank, in a statement.
The institution held in 2.5% by Isabel dos Santos in 37.5% by Fernando Telefonia in operation at the time not selling the Angolan businesswoman who was awaiting authorization from the reference authorities in some stages and operations to Angolans.
The deal was close to being concluded in 2020, with Abanca reaching, in February of this year, a pre-agreement to buy 95% of the capital of EuroBic, but the Galician bank ended up giving up on the deal, considering that “the conditions awake […] were not those”, according to Jornal Económico.