CaixaBank, S.A. completed the acquisition of remaining 5.1% stake in Banco BPI, S.A.
CaixaBank, S.A. (BME:CABK) made an offer to acquire the remaining 5.1% stake in Banco BPI, S.A. for approximately 110 million on December 18, 2018. Under the terms of the transaction, CaixaBank will pay 1.47 per share per share for the remaining shares. In accordance with the offer, CaixaBank will commence a mandatory acquisition. The offer will commence on December 18, 2018 and will last for a week until December 26, 2018. Maria João Ricou, Manuel Requicha Ferreira, Eduardo Fonseca and Manuel Barbosa Moura of Cuatrecasas acted as legal advisor to Caixa Bank.
CaixaBank, S.A. (BME:CABK) completed the acquisition of remaining 5.1% stake in Banco BPI, S.A. on December 26, 2018.