With only a half hour of trading, the shares of BPI closed Tuesday sinking 7.64% to 1.10 euros, adjusting downwards the price of the Public Offering of Acquisition of CaixaBank to 1,113 euros.
just before the lifting of the trading suspension, the BPI said to be in contact with the European Central Bank after Caixabank and Santoro have failed an agreement for the bank to reduce the 50.1% in the Fomento Bank Angola, aiming to avoid a heavy fine of 162,000 euros per day.
“it’s a normal movement to stand down, as the OPA is going to complete just within months,” said Albino Oliveira, an analyst at Fincor told Reuters.
“For now, the market is not betting on a high price under review, is what it means. But this is still the beginning negotiation. it will be interesting to see in the coming days, the price is positioned above the consideration offered or not. “he said.
However, the Angolan businesswoman Isabel dos Santos attacked the Government for being “avowedly partial” to approve legislation ending the limit of the voting rights in BPI to favor Caixabank when negotiations were going on, increasing the risk of a legal battle.
red also put them securities of the largest Portuguese private bank, Millennium BCP, which lost 3.68%, extending yesterday’s decline, coupled with the breakdown of the shareholder agreement in BPI, which has cooled the speculative angle as a possible entry Isabel dos Santos in BCP .
Despite the bank falls, the shareholder index PSI 20 managed to rise a slight 0.3%, driven by gains in heavyweights Jerónimo Martins and Galp.
negative note yet for Altri that sank 7.17% and Sonae Capital which fell 3.23%.
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