Bloomberg quoted Sodiam as saying in a statement that it was cancelling its ties with De Grisogono for “reasons of public interest and legality”.
It, however, could not explain how the transaction would be completed.
The country’s new leader Joao Lourenco was said to be distancing Angola from the influence of Dos Santos and his family.
He recently fired Isabel from her position as chairman of state-owned oil company Sonangol, and last week announced plans to auction a new telecoms license to compete with Unitel SA, which she controls.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished