Radar > 235426

CaixaBank and Isabel dos Santos reach sale agreement of Banco BPI

CaixaBank y la empresaria Isabel dos Santos llegaron a un acuerdo sobre la vente del Banco BPI

CaixaBank e a empresaria Isabel dos Santos chegaram a um acordo sobre a venda do Banco BPI

Intel ID : 235426
Synopsis

CaixaBank (BME: CABK), a financial entity based in Barcelona, and Angolan entrepreneur Isabel dos Santos, through Santoro Finance, reached an agreement over the sale of Banco BPI, as reported by the company through relevant fact published on 10 April 2016.

According to the news, the negotiations to find a solution for the large risk limit breach situation by Banco BPI, were successfully concluded.

The objective of this deal, imposed by the European Central Bank with a deadline for the agreement on 10 April 2016, is to reduce Banco BPI's exposure in Angola.

The negotiations outcome was communicated to European Central Bank and to Banco de Portugal, and as soon as the transaction is approved it will be announced to the market.
(content in spanish)

CaixaBank (BME: CABK) entidad financiera con sede en Barcelona, y la empresaria angolana Isabel Dos Santos, a través de la holding Santoro Finance, alcanzaron un acuerdo sobre la venta del Banco BPI, según los hecho relevantes que publicaron las propias empresas el 10 de abril de 2016.

Según explican los comunicados las negociaciones para encontrar una solución para la situación de incumplimiento del límite de grandes riesgos por el Banco BPI finalizaron con éxito.

El objetivo de la operación, que fue impuesta por el Banco Central Europeo y que tenía como fecha límite para que se alcanzase el acuerdo el día 10 de abril de 2016, es reducir la exposición del Banco BPI en Angola.

El resultado de las negociaciones ya se comunicó al Banco Central Europeo y al Banco de Portugal y, tan pronto como la operación sea aprobada será también comunicado al mercado.
(content in portuguese)

O CaixaBank (BME: CABK) entidade financeira com sede em Barcelona, e a empresaria angolana Isabel dos Santos, através da holding Santoro Finance, chegaram a um acordo sobre a venda do Banco BPI, segundo publicaram as empresas em fatos relevantes no dia 10 de Abril de 2016.

Segundo o comunicado, se encerraram com sucesso as negociações para encontrar uma solução para a situação de incumprimento pelo Banco BPI do limite de grandes riscos.

O objetivo da operação, que foi imposta pelo Banco Central Europeu e tinha como data límite para acontecer dia 10 de abril de 2016, é reduzir exposição do BPI em Angola.

De acordo com as empresas, as negociações já foram comunicadas ao Banco Central Europeu e ao Banco de Portugal e tão logo sejam aprovados, serão comunicados ao mercado.

Relevant Documents

Target

Banco BPI
Portugal

Intel ID 235426
Value ND
Native Currency Euro (EUR)
Financial Data - Banco BPI
(31 Dec 2015)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.