Milano, 22 September 2005
Banca Intesa hereby communicates further details about the sale of its stakes in Banco Comercial Portugues (BCP) and in Banco de Investimento Imobiliario (BII) announced yesterday.
The AGT of Banca Intesa’s stake in BCP closed at a unit price of €2.20 for a countervalue of approximately €530 million.
The consideration for the sale of Banca Intesa’s stake in BII was set at €92 million.
Consequently, Banca Intesa will receive from the disposal of its stakes in BCP and BII a total consideration of approximately €620 million generating a capital loss of around €10 million at a consolidated level given that the total carrying value was approximately €630 million, i.e. approximately €585 million for Banca Intesa’s stake in BCP (€2.42 per share) and €45 million for its stake in BII.
Last updated 22 September 2005 at 08:19