Angola: Angola wants restructuring of Portugese bank

Angola's state-controlled oil company Sonangol - the largest single shareholder in Portugal's Millennium bcp - wants the bank to gain global scale in a restructuring that involves a management shakeup, Expresso weekly said. The lender - Portugal's largest by assets - is hampered at home by the country's debt crisis and deep austerity imposed by a 78-billion-euro bailout. It needs to find fresh capital in the next few months to comply with new European rules, with cash from rapidly-growing Angola seen as one possible solution.