Saturday, February 6, 2016

War heats in BPI and Angola does not facilitate – Express

There is a stretch of rope in relations between the BPI’s management, led by Fernando Ulrich, and businesswoman Isabel dos Santos, the second largest shareholder of the bank. Yesterday was sinker General Assembly (GA), by Santoro, the separation of African assets. solution is committed to meet the requirement of the European Central Bank (ECB) to reduce exposure to Angola. BPI will proceed to a backup plan.

There are other battles in progress. A week after refusing Unitel Angola’s bid for the purchase of 10% of Banco de Fomento Angola (BFA), the executive committee of BPI proposed on Thursday to deshielded the statutes of the bank, to end the limitation of rights voting 20%, to vote in a future AG. The proposal fell ill with two shareholders: Santoro, Isabel dos Santos, and the Guitars group. Both voted against, as they had done a few months ago, in the context of the public tender offer (OPA) of Caixabank for BPI.

The goal of Ulrich management “is to eliminate the statutory limit on the counting of vote “and” give instruments of action to current and future shareholders, “including” in the bank’s share of support in any merger. ” The New Bank is for sale and the BPI can be one of the candidates. And Isabel dos Santos defends a merger with BCP.

Read more on the issue this weekend


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