1. Portugal's BPI urges its holders to shun BCP bid
- Author
-
Burns, Erik T. and Canivete, Carla
- Subjects
Banco BPI S.A. -- Mergers, acquisitions and divestments ,Banco Comercial Portugues S.A. -- Mergers, acquisitions and divestments ,Banking industry -- Mergers, acquisitions and divestments ,Banking industry ,Company acquisition/merger ,Banking, finance and accounting industries ,Business ,Business, international - Abstract
Banco BPI S.A. of Portugal has received a merger bid from Banco Comercial Portugues S.A. of Portugal for 4.33 billion Euros ($5.24 billion). Banco BPI S.A. Chairman Artur Santos Silva is urging shareholders not to accept the bid saying the bank has a poor record of integrating companies it takes over.
- Published
- 2006