Caixabank is not keen to keep stake in Angola's BFA, CEO says [Reuters]
CAIXABANK SA UNSP/ADR (CAIXY)
NASDAQ:AMEX Investor Relations:
caixabank.com/inversoresinstitucionales_en.html
Company Research
Source: Reuters
Angolan lender BFA and would inform local authorities ahead of any divestment decision, the chief executive of the Spanish lender said on Friday. Caixabank holds, via its Portuguese unit Banco BPI, an indirect stake of 48.1 in BFA. BPI has been trying, without success, to sell its stake in BFA since 2017 following ECB's recommendation to reduce its risky exposure to Angola. Angola's state-owned mobile telecoms giant Unitel holds the remaining 51.9% of BFA. "From a strategic point of view we have no interest in keeping a stake like the one we have now in Angola," CEO Gonzalo Gortazar said. "Whatever we do at any time will be with the knowledge of and agreed with the (Angolan) state." In 2023, BPI suspended the sale of its stake in BFA due to the strong devaluation of the kwanza against the dollar, Portuguese newspaper Negocios reported in July Gortazar acknowledged that the currency instability was a factor to exit the country, but "it is not the only factor", he said, withou
Show less
Read more
Impact Snapshot
Event Time:
CAIXY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CAIXY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CAIXY alerts
High impacting CAIXABANK SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CAIXY
News
- Exclusive: Fosun open to sale of Portuguese bank stake, sources say [Reuters]Reuters
- Spanish government 'optimistic' about budget deal, redesign of windfall tax [Reuters]Reuters
- CaixaBank: A Surprising 10% Dividend Yield At A 60% Payout Ratio [Seeking Alpha]Seeking Alpha
- CaixaBank Declares Dividend of EUR0.39 [MarketWatch]MarketWatch
- Santander Posts Record Profit In 2023 After Rate Hikes [Barron's]Barrons