Displaying items by tag: CIF Angola

Angola: The government has announced that it expects to receive around US$240m from the privatisation of three companies owned by China International Found (CIF) Angola, following the auction of their factories. As well as CIF Automobile Assembly Unit and CIF Lowenda Beer Factory, the government is privatising CIF Cement Cement Factory, for which it anticipates receiving US$197m for the asset. The Griner/Ciment/Mercons consortium was the preferred bidder, with the H&S/Yupeng consortium second, Moçambique Dugongo Cimentos third and Huaxin Cement fourth.

The three companies were previously nationalised by the Angolan state as part of an anti-corruption process.