CaixaBank said this week it wanted to buy up the majority of the BPI share capital for €1.329 a share, totaling €1.08 billion.


The Barcelona based outfit is already BPI’s largest shareholder and has four board members, followed by Isabel dos Santos (the daughter of Angola’s president), through Santoro, with 18.6%, and Allianz group, with 8.4%.


The operation was agreed with BPI, which is in the running to buy Novo Banco, the ‘good bank’ left over from the collapse of Banco Espirito Santo (BES).