Caixabank and Isabel dos Santos reach an agreement on the future of BPI – EntornoInteligente

Expand / According to several Portuguese media, both shareholders have reached an agreement that would reduce exposure of the Portuguese entity to the Angolan market, as it claims the ECB.

CaixaBank, BPI majority shareholder with 44.1% stake in its possession, and Isabel dos Santos, which owns 18.6%, have reached an agreement that the Portuguese entity reduces its exposure to market Angolan government to a day of the deadline imposed by the European Central Bank (ECB).

Brussels gave deadline to BPI until April 10 to reduce its exposure to BFA (Banco de Fomento de Angola ), which controls 51%, threatening to penalize the solvency ratios Portuguese bank if it is not clear from its business in Luanda that does not have a banking supervision system equivalent to the European.

Prime Minister of Portugal Antonio Costa, believes, as stated by Portuguese media, that this agreement BPI avoid sanctions by the ECB.

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CaixaBank and Isabel dos Santos they reach an agreement on the future of BPI

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http://entornointeligente.com/articulo/8222015/Caixabank-e-Isabel-dos-Santos-llegan-a-un-acuerdo-sobre-el-futuro-de-BPI

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