A PYMNTS Company

Portugal: Isabel dos Santos still urges merger of BPI and BCP

By  |  April 13, 2015

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.