Lisbon shares AFX at a glance outlook |
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Mon, 19 Mar 2007 08:54
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LISBON (AFX) - Share prices are expected to open higher after gains in Asian markets, with BCP and Banco BPI in focus after the Portuguese competition authority AdC cleared BCP's 4.33 bln eur takeover bid for its smaller rival Friday, dealers said.Friday, the PSI 20 index closed down 86.64 points at 11,376.86, after trading in a range of 11,376-11,466.FORTHCOMING EVENTSTODAY-Feb economic trends summary from National Statistics InstituteTOMORROW-Feb industrial prices-Sonae FY results (after mkt close)EARLY/WEEKEND NEWS-Portuguese competition authority approves BCP, BPI merger with conditionsTODAY'S/WEEKEND PRESS-Telefonica, PT chairmen plan talks over strategic differences (Diario Economico)-Telecoms regulator says PT, PTM may not have same shareholders (Jornal de Negocios)-Portugal's Benfica football club plans stock market listing (Expresso)-Portuguese energy network operator REN's mgt in power struggle (Expresso)MARKET SENTIMENT-BCP and BPI in focus after the AdC gave a conditional green light to BCP's 5.70 eur per share bid for BPI. BCP now has seven days to register the offer with stock market regulator CMVM and await clearance.jonathan.gleave@thomson.comlm/jg/anCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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