Comercia Global Payments Entidad de Pago, S.L. signed term-sheet to acquire point-of-sale business from Banco BPI, S.A. (ENXTLS:BPI) for €60 million on December 21, 2017. Comercia Global Payments will appoint Banco BPI as its exclusive agent for distributing the products affected by the business acquired. In a related transaction, CaixaBank Payments Establecimiento Financiero de Credito de Entidades de Pago S.A. signed term-sheet to acquire issuing business from Banco BPI, S.A. for €53 million. The transaction won't result in any transfer of personnel. The transaction is subject to approval of the Board of Directors of Banco BPI and CaixaBank S.A., parent of CaixaBank Payments, regulatory approval and antitrust approval. The transaction was approved by the Board of Directors of Banco BPI and CaixaBank. A Board of Directors’ committee composed of non-executive members of the Board of Directors was formed by Banco BPI to issue an opinion on the transaction. The transaction will have a positive immaterial impact on the consolidated balance sheet and results of CaixaBank and its capital ratios. The transaction will result in a €99 million pretax gain for Banco BPI. KPMG acted as financial advisor for Banco BPI while Campos Ferreira, Sá Carneiro & Associados acted as legal advisor. Maria João Ricou and Manuel Requicha Ferreira of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Comercial Global Payments, Entidad de Pago S.L. Comercia Global Payments Entidad de Pago, S.L. cancelled the acquisition of Point-Of-Sale Business of Banco BPI, S.A. from Banco BPI, S.A. (ENXTLS:BPI) on December 21, 2018.