CaixaBank invests €125 million into Portugal’s BPI and increases its share to 46.22%
The Catalan bank, which leads the Spanish market, increases its share in the Portuguese Investment Bank by 7 percentage points increasing its stake from 39.5% to 46.22%. CaixaBank purchased just over 251 million shares in the capital increase offered by the Portuguese financial entity, at a cost of €125 million. Caixabank had already said it would extend its share in the BPI.
Barcelona (ACN).- CaixaBank has invested €125.5 million into the purchase of just over 251 million shares in the capital increase offered by the Portuguese Investment Bank (BPI), according to a communication from the Catalan bank to the Spanish Stock Market Regulation Authority (CNMV). The BPI has reported that it fulfilled 100% of the capital increase offered and that the new shares will begin trading on Monday August 13th. CaixaBank, which is the largest bank in Spain, had said it would extend its share in the Portuguese bank. With this development, CaixaBank, which is the private bank owned by La Caixa, increases its stake from 39.5% that it held last June when they presented their results for the first half of the year, to 46.22% announced after the capital increase.