President’s CriteriaCaixa, largest shareholder of CaixaBank, Isidre Fainé, is fed up with the ‘good words’ the Portuguese regulators and the government of António Costa and decide in the coming days to withdraw the Tender Offer to BPI, according to the Spanish site El Confidencial.
a new injunction interposa by Violas group, which owns 2.6% against the changes proposed by the board of directors to remove the limitation of voting imepdia the CaixaBank to send the BPI management , it has been the drop of water. Isidre Fainé lost patience and is considering quitting the tender offer (OPA) for BPI, advances the Spanish newspaper El Confidencial, guaranteed that the president of CaixaBank “were filled” the words of the regulators and the government of António Costa.
in the interim measure is in addition to the discomfort of CaixaBank considering that there is no real will of the Government to break with Isabel dos Santos, owner of Santoro Financial, BPI’s reference shareholder, who opposed the proposal of the Catalan bank.
the Portuguese bank announced last week of August have already challenged the two measures designed to suspend the election of new members of the general meeting of the board of the bank and to prevent the vote on the draft deshielded statutes presented by BPI administration.
the institution is so pessimistic about the outcome of the public offer of 1,113 euros per share, down from 1.3 euros the first offer launched in February last year.
CaixaBank official sources declined to comment to El Confidencial. The institution has provided a regular meeting of the board in the third week of the month, but may be called an interim meeting to approve the withdrawal of the takeover bid.
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