Wednesday, February 8, 2017

The BIS will leave the main Stock index Portuguese after the success of opa – W Radio

Lisbon, feb 8 (EFE).- The Portuguese Bank of Investment (BPI) will be out on February 10, the main index of the Stock exchange of Lisbon, the PSI-20, after the Spanish Caixabank has been made with the control of the 84.5% of the entity through a takeover bid.

According to announced today the corporation’s pan-european Euronext, which manages the Stock exchange of Lisbon, the PSI-20 is maintained with 17 values until the next review of the index, which is scheduled for march 20.

The takeover bid launched by Caixabank on the BPI recorded a good reception among the shareholders and allowed him to take control of the fifth largest Portuguese bank, with an outlay of 644,5 million euros.

After the operation, Caixabank brings together 84.5 % of the capital of the bank, the insurer German Allianz holds slightly more than 8% and the rest is in the hands of shareholders under.

therefore, the liquidity of the bank in the bag is very reduced, which has led to his departure from the PSI-20.

The ceo of Caixabank, Gonzalo Cortázar, reiterated today at a press conference in the Portuguese capital that the intention is that the bank will continue to trade on the Stock exchange of Lisbon.

With the output of the BIS, reducing still further the weight of the banking sector in the main stock index luso, in which there is only present the Banco Comercial Portuguese (BCP). EFE

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