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Caixabank says ECB gives it 4 months to address BPI's Angolan risks


Wednesday, 22 Jun 2016 

Spain's Caixabank : Says ECB has suspended sanction process on Portuguese bank BPI's investment in Angolan bank BFA . Spain's Caixabank says ECB has given Caixabank four months to address risk associated with BPI investment in Angolan bank BFA . Spain's Caixabank says four month period will start when Caixabank's planned acquisition of BPI is completed . Caixabank, which owns 44 percent of BPI, offered nearly $2 billion to take full control of Portuguese lender in April. [nL5N17L0AN] Further company coverage: [CABK.MC] [BBPI.LS] (Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34 91 585 21 51;)).