Tuesday, March 3, 2015

BCP shares and BPI shoot even without confirmation of merger – publico

BCP shares and BPI shoot even without confirmation of merger – publico

                 


                         
                     


                         

                 

 
                         

The actions of the BCP and BPI are Tuesday to rise 5% and 6% in the stock Lisbon, although still there is no confirmation on the alleged proposal of Isabel dos Santos for a merger between the two institutions.

                     


                         Despite the request for clarification made on Monday, in the evening, by the Securities Market Commission (CMVM), so far has not provided any information on this.

information that the Angolan businesswoman, BPI shareholder, would be interested in a merger with BCP, which has Sonangol as largest shareholder, was advanced Wednesday by Express . With this alleged proposed merger, the entrepreneur intended to halt the tender offer (OPA) of the Spanish CaixaBank.

In the session start, the valuation of the shares of the two banks was higher. The titles reached up 11.99% and 8.09% of BPI appreciated.

On 17 February, the CaixaBank announced the launch of a tender offer for the 55.9% of BPI’s capital that still does not control, with the condition to acquire at least 50.01% of the Portuguese bank and obtain the release of the voting rights in BPI, who are you limited to 20%, an initiative for which needs the support of the Angolan businesswoman who holds 18%.

Animated by the appreciation of Banking, the main stock index of Lisbon, the PSI 20, is rising more than 1%. The other European markets remains positive, but with lower valuations.


 
                     
                 

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