Portuguese bank removes hurdle for takeover by Spanish rival

September 21, 2016 12:27 PM

5 0

LISBON, Portugal – A general assembly of Banco Portugues do Investimento has approved changes to shareholder voting rights that clear the path for a 1.62 billion euro ($1.8 billion) takeover by Spain's Caixabank.

The Portuguese bank said the meeting Wednesday approved voting changes being sought by Caixabank.

Also read: France, banks, retail rebound make for bright start for European shares

Read more

To category page

Loading...