Portuguese bank removes hurdle for takeover by Spanish rival

September 21, 2016 12:27 PM

10 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.

Read more

To category page