Portuguese bank removes hurdle for takeover by Spanish rival

September 21, 2016 12:27 PM

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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.

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