Monday, March 2, 2015

CMVM ask for explanations from Isabel dos Santos on possible merger … – Digital Journal

CMVM ask for explanations from Isabel dos Santos on possible merger … – Digital Journal

The CMVM, says official source Lusa, “sought clarification as provided for in issuers of information supervisory procedures.”

The indication of the regulator comes after the Express ‘online’ report that Isabel dos Santos, the second largest shareholder of BPI by Santoro company, will propose to initiate talks between BPI and BCP – where Sonangol holds the largest shareholder position -. with a view to a merger

The goal will be to stop the takeover bid (OPA) of CaixaBank for BPI, led by Fernando Ulrich.

The CaixaBank announced February 17 the intention to acquire the majority of BPI’s capital by EUR 1,329 per share, a total of 1,082 billion euros.

The Catalan bank is the largest shareholder of BPI, with 44.1% of the bank, with four in Portuguese bank’s Board of Directors, following -If the Angolan businesswoman Isabel dos Santos, by Santoro, with 18.6%, and the Allianz Group, with 8.4%.

The CaixaBank offered 1,329 euros for each share of BPI, a value representing a premium of 27% over the value of the shares the day before the announcement. However, CaixaBank may be under pressure to raise the offer

Digital Money with Lusa

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