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Caixabank SA (CABK.MC)

CABK.MC on Madrid SE C.A.T.S.

7 Dec 2016
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€0.06 (+2.03%)
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Latest Key Developments (Source: Significant Developments)

Spain's Caixabank says wants to close BPI purchase by Dec 31
Friday, 28 Oct 2016 04:10am EDT 

Spain's Caixabank : CEO Gonzalo Gortazar says European Central Bank has approved takeover . Says wants to close BPI operation by Dec. 31 . Says no plan to raise more capital after share sale for BPI acquisition . "Let's see if we can get all the authorizations in place to be able to close the operation by Dec. 31, we still have time," Gortazar said Further company coverage: [CABK.MC] (Reporting by Madrid newsroom).  Full Article

Board of BPI welcomes Caixabank's bid, but says bank's value is higher
Friday, 14 Oct 2016 06:17am EDT 

Banco BPI SA : Said on Thursday that its board of directors considers Caixabank's takeover bid timely and friendly as it enhances BPI's capacity to face challenges and opportunities of the banking sector . Caixabank has offered 1.134 euro per BPI's share [nL8N1BX587], the board of BPI estimates bank's valuation at 1.38 euro ($1.55) per share .BPI's board considers it difficult to determine the price due to certain factors, including uncertainty on time frame and terms in which the value of bank's stake in BFA can be monetized, increasing capital requirements, uncertainty on the impact from new minimum requirements for own funds and eligible liabilities (MREL).  Full Article

Banco BPI signs agreement to sell 2 pct in BFA to Unitel
Monday, 10 Oct 2016 02:19am EDT 

Banco BPI SA : Said on Friday it had signed an agreement with Unitel to sell a 2 percent stake in Banco de Fomento Angola (BFA) for 28 million euros ($31.4 million) . Upon the sale Banco BPI will hold a 48.1 percent stake in BFA, the stake of Unitel will be increased to 51.9 percent . The parties had also signed a new shareholder agreement related to BFA .The contract is dependant on authorization from Banco Nacional de Angola and on approval of Banco BPI's General Meeting.  Full Article

Caixabank says has sold shares at 2.26 euros in share sale
Thursday, 22 Sep 2016 12:55pm EDT 

Spain's Caixabank : Says has sold shares at 2.26 euros ($2.53) in an accelerated share sale of its treasury stock worth 1.32 billion euros .The share sale - which is equivalent to 9.9 percent of its capital - is to boost Caixabank's capital reserves for its bid for Portugal's Banco BPI , the bank said earlier on Thursday..  Full Article

Spain's Caixabank raises BPI bid price to 1.134 euros per share
Wednesday, 21 Sep 2016 03:06pm EDT 

Spain's Caixabank : Says to alter offer for Portugal's BPI , to make bid at 1.134 euros per share, equivalent to weighted average of BPI shares over last six months . Had previously offered 1.113 euros per share in bid launched on April 18 . Change comes after BPI shareholders scrapped a 20 percent cap on voting rights on Wednesday, clearing the way for a bid by Spain's Caixabank to go ahead and for it to make a new new mandatory takeover offer [nL8N1BX2CC] Further company coverage: [CABK.MC] (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)).  Full Article

Spain's Caixabank sees more domestic bank mergers, less foreign tie ups
Wednesday, 21 Sep 2016 04:14am EDT 

Caixabank CEO Gonzalo Gortazar: Says he sees a greater trend of domestic mergers than foreign tie ups with Spanish banks . Says: "There are less synergies from cross-border operations." Further company coverage: [CABK.MC] (Reporting by Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34915852151;)).  Full Article

Banco BPI share trading suspended-regulator
Wednesday, 21 Sep 2016 02:54am EDT 

Comissao do Mercado de Valores Mobiliarios (CMVM):Banco BPI SA share trading has been suspended.  Full Article

Spain's Caixabank says fully focused on BPI takeover
Friday, 29 Jul 2016 04:04am EDT 

Spain's Caixabank : CEO says 100 percent focused on BPI takeover, important deal for the bank . CEO says would withdraw offer over BPI if voting cap was not removed . CEO says will not take "drastic" solutions over its branches network Further company coverage: [CABK.MC] (Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34 91 585 21 51;)).  Full Article

Spain's Caixabank says confirms naming of Jordi Gual as new chairman
Thursday, 30 Jun 2016 11:56am EDT 

Spain's Caixabank :Says confirms naming of its chief economist Jordi Gual as new chairman to replace Isidro Faine..  Full Article

Caixabank confirms appointment of Jordi Gual as new chairman
Thursday, 30 Jun 2016 11:52am EDT 

Caixabank SA :Confirms that it appoints Jordi Gual Sole as new chairman of the board.  Full Article

Caixabank could face legal row over BPI bid - shareholders

LISBON, Nov 22 Spain's Caixabank could face a new obstacle in its pursuit of BPI after minority shareholders in the Portuguese lender threatened a legal challenge to its sale of a stake in its Angolan business.