Angolan businesswoman Isabel dos Santos increases stake in Portuguese bank BPI

8 May 2012

Santoro Finance – Prestação de Serviços, a stakeholding company owned by Angolan businesswoman Isabel dos Santos, said Monday in Lisbon it had acquired 9.436 percent of Portuguese bank Banco BPI, increasing its total stake to 19.43 percent.

According to a statement filed with Portuguese stock market regulator CMVM, Santoro Finance – Prestação de Serviços said it had acquired a further 93.42 million shares in Banco BPI corresponding to 9.436 percent of its capital and respective voting rights.

The statement comes after Spain’s CaixaBank informed the Spanish regulator that Monday it had signed an agreement to sell 9.436 percent of BPI to Santoro for 46.7 million euros, at 0.5 euros per share, which was the same price for which it bought them from Brazilian bank Itaú.

With this acquisition, the CaixaBank stake in BPI fell from 48.97 percent to 39.536 percent. (macauhub)