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Reuters exclusively reports Angola moves to seize Dos Santos-linked asset in Dutch court

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Reuters exclusively reported that Angola has asked a Dutch court to hand over a half-billion-dollar stake in the Portuguese oil company Galp linked to ex-first daughter Isabel Dos Santos. Angola’s government says top officials under former president Jose Eduardo dos Santos took advantage of high oil prices in the last decade to spin a global web of business deals that led to their personal enrichment at the country’s expense. Battered by COVID-19 economic fallout and mired in foreign debt, Angola is seeking to recover assets it says were siphoned off.

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: EnglandPortugal

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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