According to BPI: Lisbon will have a quoted Angolan bank – Daily News – Lisbon

Caixabank and Isabel dos Santos agreed. The Banco de Fomento Angola is now listed on the Lisbon Stock Exchange

It took 15 months and was achieved on the last day, but there is smoking bank:. Caixabank and Isabel dos Santos agreed <. / p>

President of the Board of Directors of BPI, Fernando Ulrich

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Isabel dos Santos reduces its stake in BPI and takes control of Banco de Fomento Angola (BFA) by Unitel, which shall be listed on the Lisbon Stock Exchange

with regard to the BFA, Isabel dos Santos, by Unitel holds 49.9%, the majority being. – 50.1% – owned by BPI. On the table is the purchase of this parcel by Isabel dos Santos. The entrepreneur would come out of BPI’s capital, which directly holds 18.58%

The Caixabank thus increases its stake in BPI with this agreement. The Catalan bank buys shares to Isabel dos Santos and takes control of the Portuguese bank.

This outcome will allow BPI to reduce its exposure to the Angolan market, complying with the decision of the ECB. BPI had at the end of 2015, with an exposure of € 3.6 billion to the Angolan State and another 1.3 billion to the National Bank of Angola; the ECB imposed an overall ceiling of 3.2 billion

This agreement has yet to be approved by the governing bodies of the BPI, Caixabank, Unitel and BFA, then by the regulators of the three countries involved. – -. Portugal, Spain and Angola

the Banco de Fomento Angola will have branches in Portugal, will only be quoted, found the DN

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