Baros sold all shares of BES to July 31 – Daily IOL

Baros sold all shares of BES to July 31 – Daily IOL

The Baros, a company based in Luxembourg, has sold 2.15% of the share capital of Banco Espírito Santo on July 31, just three days after having acquired the shares.

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In a statement sent Market Commission and the Securities BES said that “on the 6th of August, Baros announced that no longer holds a qualified holding in the BES and that the July 31, 2014, ceased to hold shares of BES ‘.

But in a statement dated August 1, BES had informed that the Luxembourg company acquired in an off-market transaction (“over the cuonter”), on July 28, 120 725 000 shares and voting rights of the BES, representing 2:15% of the share capital of the bank.

Accounts made, between the purchase and sale of shares took place just three days.

The actions of the BES left this Monday to integrate the main Portuguese stock market index, the PSI 20 index. Titles become part of the General PSI, but shares still suspended by order of the CMVM, since August 1.

The decision of the NYSE Euronext, taking BES main index came after on Sunday, August 3rd, the Bank of Portugal announced the solution of dividing the bank and give it a new name.