10 July 2015

Caixa Buys Remaining 49% Stake of Co. That Controls Angolan Bank

Portuguese state-owned Caixa Geral de Depositos bought the remaining 49% stake of holding co. Partang it didn’t already own from Banco Santander Totta, it says in a regulatory filing.

* Caixa Geral says purchase was made after Banco Santander exercised a put option on its 49% stake in Partang;
* Partang owns 51% stake of Angolan lender Caixa Geral Totta de Angola. Source: Bloomberg