MADRID (Reuters) – CaixaBank said Tuesday it plans to launch a takeover bid for the remaining shares it does not in Portuguese bank BPI at a cash price 1,329 euros / action, representing a premium of 27 percent over Monday’s close.
The Catalan club, which already controls 44.1 percent of BPI, said that the bid is conditional exceed 50 percent stake in Portuguese bank.
To achieve this objective, it is necessary that the general meeting of shareholders of BPI remove the current limitation of the voting rights of 20 percent of the entity , CaixaBank said.
The company said the operation will have a positive impact on earnings per share from the outset.
The impact of the transaction on the basis of capital caixabank (fully loaded TSC1) preliminarily estimated to be between 80 bps and 140 bps assuming levels of acceptance of the bid between 5.9 percent and 55.9 percent.
If to go 55.9 percent stake in BPI to offer, the desmebolso amount to 1,082 million euros
.
No comments:
Post a Comment