CaixaBank, S.A. (BME:CABK) agreed to acquire an additional 8.42% stake in Banco BPI, S.A. (ENXTLS:BPI) from Allianz SE (DB:ALV) for approximately €180 million on May 6, 2018. CaixaBank, S.A. will acquire the shares of Banco BPI, S.A. at €1.45 per share. As a result of the acquisition, CaixaBank shall own 92.94% of the share capital of Banco BPI. CaixaBank intends to de-list Banco BPI, S.A. from the stock exchange. Morgan Stanley (España), S.A. acted as financial advisor to CaixaBank, S.A.

CaixaBank, S.A. (BME:CABK) completed the acquisition of an additional 8.42% stake in Banco BPI, S.A. (ENXTLS:BPI) from Allianz SE (DB:ALV) on May 6, 2018. BPI's shareholders approved the bank's delisting at the annual general meeting held on June 29, 2018.