Angola seizes stake in nation’s biggest diamond miner from LLI International (China)
Angola has seized a stake in the nation’s biggest diamond miner, from LLI International, a unit of China Sonangol, that was previously a well-connected Chinese investor in the country. “The attorney-general’s Office of the Republic of Angola blocked LLI’s participation in Catoca in 2021 and transferred control of this 18 per cent stake to the state body IGAPE,” which manages government shares in companies, Catoca said in a statement released this month. The move gives Angola 59
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