Dos Santos proposes lifting Banco BPI voting rights cap

April 10, 2015 10:18 AM

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LISBON, April 10 (Reuters) - Angolan investor Isabel dos Santos has proposed that Banco BPI, in which she is the second-largest shareholder, vote on lifting the 20 percent cap on shareholders' voting rights in a move seen speeding up the outcome of a takeover bid by Spain's Caixabank.

Dos Santos, who is Africa's richest woman and the daughter of Angola's president, had earlier proposed that Banco BPI initiate merger talks with local competitor Millennium bcp instead of accepting the near 1.1 billion euro ($1.17 billion) takeover bid by Caixabank.

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