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News Nova Cimangola says company is not being nationalised

Nova Cimangola says company is not being nationalised

Written by Global Cement staff 25 February 2019
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Angola: Nova Cimangola says that it is not being nationalised by the government. It has made the statement in response to local media reports that a state-led takeover is being considered as part of decree by President João Lourenço, according to the Jornal de Negócios newspaper. The cement company asserted that it is a private company with no public funding and that its financial, contractual and legal states are all in order. The company operates a 2.4Mt/yr integrated plant in Luanda.

Last modified on 27 February 2019
Published in Global Cement News
Tagged under
  • Angola
  • Cimangola
  • Government
  • Nationalisation
  • GCW393
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