The chairman of the Angolan company Santoro, Mário Leite Silva, believes that “dialogue” on the future of BPI with CaixaBank “will be immediately resumed.”
“it is difficult to understand what has happened now after having been understanding between the parties in the main terms of the agreement, including the financial issues,” said the president of board of Isabel company of Saints, in a statement sent to Lusa.
“Even so, we believe that common sense will prevail and the dialogue will be immediately resumed,” added Mario Silva Leite.
on Thursday, the Spanish Caixabank, majority shareholder of BPI, said he could not agree with Santoro in a solution that allows the BPI comply with the rules of the European Central Bank (ECB) relating to its presence in Angola .
“with regard to the relevant facts published in recent days 2:16 March on its stake in BPI, the CaixaBank informs that failed to meet the necessary conditions to reach an agreement with Santoro Finance” according to a statement on the Internet portal of the governor of the Spanish financial markets.
Caixabank is the main shareholder of BPI, with 44.10% of the capital, despite being able to exercise 20% of the vote due the shield of the statutes, while Santoro, holds 18.58% of the capital.
the Catalan bank also refers, in the information market, it will “continue to collaborate and support the BPI to find a solution to excessive risk concentration situation resulting from its controlling interest in BFA [Banco Fomento Angola]. “
BPI has until April 10 to meet the requirements of the European Central Bank (ECB) on exposure to large risks. Once Frankfurt considers Angola as a country that does not have a similar regulation and supervision to those in the European Union, BPI has to adjust its exposure to the Angolan market, where it holds control of the BFA, with 50.1%, or will have to make a major capital increase.
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