African businesswoman Isabel dos Santos remains committed to a merger between Portugal’s leading listed banks, Millennium bcp and Banco BPI , and wants a quick resolution to a takeover bid for BPI by Spain’s Caixabank, the head of her holding company said.
Dos Santos’ holding company, Santoro is the second largest shareholder in BPI after Caixabank SA, and has proposed that BPI vote on lifting a 20 percent cap on shareholders’ voting rights at a shareholder assembly on April 29.
Mario Silva, chief executive of Santoro, said dos Santos has “not changed her position” in believing that a merger between Millennium and BPI is the best solution, and is pushing for a quick vote on changing the statutes to end uncertainty.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UFC Reaches $375 Million Settlement in Antitrust Case
Feb 6, 2025 by
CPI
Brazilian Architecture Council Convicted of Antitrust Violations
Feb 6, 2025 by
CPI
Bipartisan Bill Seeks to Ban Chinese AI Software from US Government Devices
Feb 6, 2025 by
CPI
Senators Call for Investigation into RealPage Algorithm’s Impact on Military Housing Costs
Feb 6, 2025 by
CPI
ECB Seeks Faster Digital Euro Legislation Amid US Stablecoin Push
Feb 6, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon