CaixaBank seen benefiting after BPI agrees stake sale in Angola
CaixaBank SA’s BPI unit agreed to sell a 33.35% stake in Banco de Fomento de Angola for €345M plus deferred and dividend-linked payments. Citi flagged CABK as a key beneficiary of upward revisions to Spanish banks’ 2027–28 profits.
35% stake in Banco de Fomento de Angola for €345M, plus deferred and dividend-linked payments. Citi said CABK is likely to be a key beneficiary of upward revisions to Spanish banks’ 2027—28 profits.