CaixaBank back to strengthen position in BPI – TVI24

After announcing the OPA BPI , the CaixaBank has led to huge shopping cable bank shares led by Fernando Ulrich, but with a value below the Tender Offer. And now back to strengthen its position in the capital and at the same time, in terms of voting rights.

The Catalan bank bought, this time, over 2,430,760 shares, representing 0.167% of the share capital and 0.167% of BPI voting rights. In these operations between 5 and 12 May, spent 2.68 million euros. The Spanish paid for all of them a limit of 1,111 euros, below the price offer in the Tender Offer ( 1,113 euros ), according to the statement sent by BPI to the Securities Market Commission securities.

But is not the first time that CaixaBank is dedicated to massive purchases of securities on the stock exchange since announcing the takeover bid. Between the end of April and the first week of May it acquired 1,305,425 shares, a value is now fixed in relation to the information submitted at the time, because after 425 acquired more shares than originally reported.

“following these acquisitions and already contemplating such rectification, the CaixaBank now holds 651,377,606 representing BPI shares of 44.71% of the share capital and 44.88% of BPI voting rights “

the takeover of the Spanish was announced after the disruption of negotiations from the main shareholder and the second largest shareholder, Santoro led by Angolan businesswoman Isabel dos Santos. The CaixaBank plans to buy the remaining capital that does not have the Portuguese bank.

After the advances and setbacks in the negotiations between Spain and Angola and the mess that has been created, the talks resumed, but only on the risk of Angola – the ECB requires the BPI reduce exposure to the country -., made it clear the CaixaBank

the Angolan businesswoman accused the government of António Costa, and even the President of the Republic, Marcelo Rebelo de Sousa, they favored the Spaniards, with the approval of the decree that allows deshielded of voting rights, a decree that opened the door to the takeover bid below.