Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's CaixaBank to drop acquisition bid for Portugal's BPI

Source: Reuters - Thu 18th Jun 2015
Spain's CaixaBank to drop acquisition bid for Portugal's BPI

Spain's Caixabank said on Thursday it would withdraw its takeover offer for Portugal's BPI, as one of the key conditions of its offer will not be met.

The Portuguese bank on Wednesday failed in its bid to eliminate a 20% cap on voting rights, which was a condition for Caixabank's bid launched in February.

Caixabank said in a statement it would analyse options for its 44.1% stake in BPI.

Recomended Reading :

* CaixaBank unveils Spain's first Apple watch banking App

* CaixaBank rolls out contactless wristbands across Spain

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs