Sunday, July 3, 2016

BCP shares in moderate high after decision on the New Bank – publico


 
         
                 

                         
                     

                 

 
 

In the first session after the disclosure of the entities that formalized firm proposed purchase of the New Bank, BCP shares opened negative, followed by a higher appreciation of 5%, which however was losing strength, to close with a gain 2.75% to 0.0187 euros.

Once you have shown interest in the bank’s acquisition resulting from the resolution of BES, Thursday was to know that the BCP not delivered a firm offer to purchase. The institution led by Nuno Amado was limited to deliver a letter to the governor to express willingness to evaluate buying other conditions.

The BCP shares recorded very high losses, currently accumulating a loss since the beginning of year more than 60%, generated, among other reasons, the possibility of the Bank need a capital increase to buy the New Bank.

the shares of BPI, which was one of the four institutions that submitted a proposal purchasing firm, started the session high, but eventually negotiate much of the fall session, finishing down 0.81% to 1,099 euros.

the evolution of stock markets in session this Friday -feira showed some volatility. The main European indices opened in high light, came to negotiate in negative territory, ending up close with modest gains.

The main stock index in Lisbon, the PSI 20, closed to rise 0.77%.

to purchase the New Bank and beyond the BPI, have applied three Anglo-Saxon investment funds, Apollo, owner of Tranquility, the Centerbridge and Lone Star. The deadline for submission of tenders Thursday, meeting the Bank of Portugal to assess formalized applications.


                     
 
 
                 

             

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