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Banco Popular Espanol SA reaches agreement to acquire 24.9 pct stake in Grupo Financiero BX+


Wednesday, 11 Dec 2013 08:41am EST 

Banco Popular Espanol SA:Says it has reached an agreement with the Valle family, as controlling shareholders of Grupo Financiero BX+, for the acquisition of a 24.9 pct stake in the aforementioned company.Says the transaction will be carried out through a capital increase.Says the transaction amount ascends to about 97 million euros.Expects the operation to be closed in the first half of 2014.Says it has approved to initiate the process of share capital increase in the nominal value of 56,962,025 euros.Says it will issue 113,924,050 new shares, representing 6.36 percent of the company's current share capital.Says the new shares will be issued at a price of 3.950 euros per share, corresponding to its nominal value of 0.50 euro per share and an additional paid-in capital of 3.45 euros per share. 

Company Quote

5.251
-0.155 -2.87%
15 Apr 2014