Following the decision of BPI’s shareholders to remove the cap on voting rights, CaixaBank’s offer on the 45% it does not hold yet has become mandatory. The group has announced the sale of the 585m treasury shares acquired in exchange for the assets sold to its shareholder Criteria Caixa at €2.422 per share. The market’s reaction has been negative so far.
23 Sep 2016
BPI deal dilutive from a valuation standpoint
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BPI deal dilutive from a valuation standpoint
CaixaBank SA (CABK:WBO) | 0 0 1.0% | Mkt Cap: 24,117m
- Published:
23 Sep 2016 -
Author:
David Grinsztajn -
Pages:
2
Following the decision of BPI’s shareholders to remove the cap on voting rights, CaixaBank’s offer on the 45% it does not hold yet has become mandatory. The group has announced the sale of the 585m treasury shares acquired in exchange for the assets sold to its shareholder Criteria Caixa at €2.422 per share. The market’s reaction has been negative so far.