Commercial Portuguese Bank (BCP) ended on Friday the process of evaluation of strategic scenarios for ActivoBank, who decided to keep the group because of its ability to generate value, announced the bank in a statement. according to a statement posted on the page of the Portuguese Securities Market Commission (CMVM) on the internet, the BCP “today completed the process of evaluating various strategic scenarios appreciation ActivoBank, the bank ‘online’ reference in Portugal. “ the bank of its decision” for maintaining the ActivoBank in BCP Group perimeter depending on its value creation capacity in the context of expected evolution of the banking business model of BCP. “ the BCP had announced a month ago that would sell ActivoBank the management of funds ‘private equity’ Cabot Square Capital, with whom he was in negotiations if was achieved an understanding between the parties. at the end of March, BCP said in a statement to the CMVM, which had selected the Cabot Square Capital to negotiate “with exclusivity”, the sale of its bank ‘online’ Activobank. ActivoBank had 2015 profits of 33 million euros, compared with five million in 2014. the BCP had already launched the sales transaction ActivoBank last year but interrupted in October due to technical issues related to the relations within the group, having resumed this process later this year.
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