Edition 1475
19 May 2018
Edition: 1475

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BPI shares close almost 23% up on bourse withdrawal news

by TPN/Lusa, in News · 08-05-2018 07:06:00 · 0 Comments

Shares in Bank BPI closed up 22.67% on Monday at €1.45 euros, the same amount that main shareholder CaixaBank offered to withdraw the bank from the bourse, now that it owns 92% of its capital.

BPI shares close almost 23% up on bourse withdrawal news

 

More than 13 million shares were traded on Monday, more than had changed hands since the beginning of the year.

 

On Sunday, CaixaBank announced it was going to ask to withdraw the bank’s shares from the bourse after having agreed to buy another 8.425% of the bank’s share capital from Allianz and this control 92.935% of the bank’s capital.

 

The price the parent company was offering was 22.67% higher that the shares closed at on Friday.

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Edition 1475
19 May 2018
Edition: 1475

Read this week's issue online exactly as it appears in print.

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