CaixaBank and Isabel dos Santos already had financial agreement – Daily News – Lisbon

Spanish Group retreated due to the law of the OPA’s, but negotiations will already be resumed on Monday

I had financial agreement to buy CaixaBank’s participation Santoro, Isabel dos Santos holding in BPI at a meeting on Thursday with the CMVM, but the obligation to comply with the Law of Takeover Bids made the Spanish group retreat. Negotiations will, however, be already resumed on Monday.

Ensuring that had already agreed to the values ​​is given to the DN by the president of Santoro, Mário Leite Silva, who says that “it is difficult to understand what has happened now after having been understanding between the parties in the main terms of the agreement, particularly in financial matters. “

the retreat CaixaBank is related to the fact of having to pay the same values ​​negotiated with Santoro to the remaining shareholders. Mário Leite SIlva ensures that “even so, we believe that common sense will prevail and the dialogue will be immediately resumed.”

Last Thursday all was well underway, with lawyers from both sides to prepare the conclusion of the process. At the meeting came to the negotiating confidence António Costa, Diogo Lacerda, to represent the government. Everything was in such a routed so that when Lacerda left the meeting with the CMVM (Commission Markets and Securities), the belief is that everything would be solved.

The process is a race against time. After several the warnings, the European Central Bank has now given a deadline to BPI to reduce exposure to the Angolan market until April 10. Otherwise, the ECB may impose a daily fine of 161,000 euros to the bank, and that the organization runs the risk of a rating cut by Moody’s.