CaixaBank To Sell 9.4% BPI Stake For EUR46.7 Million Plus Interest
May 07 2012 - 1:52PM
Dow Jones News
Spanish bank CaixaBank SA (CABK.MC) said Monday it's reached a
deal to sell a 9.4% stake in Portugal's Banco BPI SA (BPI.LB) to
Santoro Finance, an investment company.
In a regulatory filing, CaixaBank said Santoro Finance will pay
EUR46.7 million for the stake, plus some interest to be accumulated
until the deal goes through.
Following the deal, CaixaBank will cut its stake in BPI to 39.5%
from the current 48.9%, the Spanish bank added.
-By David Roman, Dow Jones Newswires, +34 91 395 8127;
david.roman@dowjones.com
Caixabank (PK) (USOTC:CAIXY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Caixabank (PK) (USOTC:CAIXY)
Historical Stock Chart
From Jul 2023 to Jul 2024