Brief: Portugal's BPI Sells 33.35% Stake In Banco de Fomento de Angola To CFSA

CaixaBank SA

04/09/2026 07:05

Sept 4 (Reuters) - BPI Bank, owned by Caixabank CABK.MC:
SAID ON THURSDAY, AGREES TO SELL ITS 33.35% STAKE IN BANCO DE FOMENTO DE ANGOLA (BFA) TO CONGOLOIAN FINANCIAL (CFSA)
PRICE CONSISTS OF A FIXED SUM OF €345 MILLION PAYABLE ON TRANSACTION DATE AND A DEFERRED FIXED TRANCHE OF ABOUT €43.5 MILLION
PRICE ALSO COMPOSED OF A DEFERRED VARIABLE TRANCHE IN THE AMOUNT OF HALF OF BFA'S 2026 ATTRIBUTABLE DIVIDEND TO THE STAKE
THE DEFERRED TRANCHES ARE DUE IN MAY 2027
AS OF 30 JUNE 2026, BFA STAKE WAS RECORDED ON BPI’S BALANCE SHEET AT €379 MILLION
ON TRANSACTION DATE THE DIFFERENCE BETWEEN TOTAL SALE PRICE AND CARRYING AMOUNT WILL BE RECOGNISED DIRECTLY IN EQUITY
ON A PRO FORMA BASIS AS OF 30 JUNE 2026 AND EXCLUDING THE VARIABLE TRANCHE, THE TRANSACTION WOULD HAVE A POSITIVE IMPACT OF ABOUT €9 MILLION ON BPI’S SHAREHOLDERS EQUITY
        
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