The BPI shareholders decide these major meeting to give green light to the end of the shielding of the 20% voting rights in the bank, essential step towards the success of the tender offer (OPA) launched by CaixaBank.
In general meeting of April 29 the majority of Banco BPI shareholders present (54.7%) decided to suspend until 17 June to vote on amendments to the statutes of the bank, to . decide on the end of the vote threshold
This statutory amendment, which needs to be approved by a qualified majority is decisive for the success of the takeover bid – launched in February by CaixaBank on all of BPI’s capital, to 1.329 euros per share -. Such amendments that Santoro, Isabel dos Santos, intended to vote and derail already in the general meeting of the end of April
This is because the Angolan businesswoman has made clear on several occasions their opposition to the offer of the Catalans, having advanced as alternative proposed merger between BPI and BCP to create the largest Portuguese financial institution.
The Bank Caixa launched February 17 a takeover bid on the entire BPI’s capital to 1.329 euros per share, a price considered low for managing the Portuguese bank.
Two weeks later, Isabel dos Santos has advanced an alternative proposed merger between BPI and BCP.
DN (PD) // ATR
Lusa / end
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