BCP signs agreement to acquire 10.5 pct of BPI |
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Published
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Mon, 29 Jan 2007 18:33
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LISBON (AFX) - Banco Comercial Portugues said it has signed agreements with Grupo Banco Santander and BCP Pension Fund to acquire 10.5 pct of Banco BPI's share capital.In a filing with stock market regulator CMVM, BCP said it will buy 5.87 pct, or 44.6 mln shares, of Banco BPI's capital from Banco Santander and 4.63 pct, or 35.1 mln shares, from BCP Pension Fund.BCP said it will buy 8.36 pct or 63.5 mln shares -- 28.4 mln held by Santander and 35.1 mln by BCP Pension fund -- at 5.70 eur per share in an over-the-counter transaction, the same price as the 4.3 bln eur bid launched in March by BCP for smaller rival BPI.The CMVM has already authorized BCP to buy shares over the counter, but not exceeding 10 pct of BPI. The acquisition by BCP of the remaining 2.13 pct of BPI held by Santander is subject to CMVM approval.luis.morais@thomson.comlm/jsaCOPYRIGHTCopyright AFX News Limited 2006. 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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