Monday, December 12, 2016

The use of the BCP confirmed that the Sabadell will sell a participation of the 408 – W Radio

Lisbon, 12 dec (EFE).- The Banco Comercial Portuguese (BCP) reported today the market of the Spanish Bank Sabadell put on sale a stake of 4,08 % of the capital that has in the entity lusa and maintain a position of 0,14 %.

In a statement sent to the Commission for the Securities Market (CMVM) of portugal, the BCP said that the Sabadell wants to sell close to 38.6 million shares it owns in the bank luso, representing 4,08 % of the capital.

The sale is made through a particular offering of shares that will be placed on an accelerated basis, among qualified and institutional investors, which is responsible Citi.

After the conclusion of the operation, the Sabadell will remain as the owner of nearly 1.4 million shares, representing 0.14% of the capital of the BCP and not be able to detach without prior consent during the next 90 days.

The Banco Sabadell entered into the capital of the BCP in the year 2000 with a participation of 5.3%, and since then has been reducing its weight in the register of shareholders.

Until just a month ago was the second largest shareholder of the entity, behind only the oil angolan Sonangol, which has a stake of 14,87 %.

however, the recent entry in the register of shareholders of the chinese group Fosun, with 16.7 % of the share capital and an investment of 175 million euros, relegated to Sabadell in the third place, and left him with a share of 4,23 %, which is going to release now virtually in its entirety.

The BCP is the main private bank in Portugal, with a volume of assets of over 74,000 million at the end of 2015. EFE

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