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| Name | Symbol | Market | Type |
|---|---|---|---|
| Credit And. A | LSE:65QM | London | Bond |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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RNS Number:6813T
Credit Andorra Preference Ltd
26 March 2007
Relevant shareholders of Credit Andorra agree to purchase the 46,35% stake owned
by "La Caixa"
Andorra la Vella, 15th September 2006.- "La Caixa", Caixa d'Estalvis i Pensions
de Barcelona, has reached an agreement to sell their 46,35% stake in Credit
Andorra for the amount of 927 million Euros.
The sale will be carried out in two stages: the first sale of 26,36%, will take
place before the year end. The second of 19,99%, will take place before end
March 2007.
Credit Andorra came to an agreement with "La Caixa" to acquire 100% of CaixaBank
last July 2005. With this new financial operation, 100% of the capital now
remains in the hands of Andorran shareholders.
The disinvestment of "La Caixa" will not affect the privileged relationship that
both institutions have built together in the past.
Regards
This information is provided by RNS
The company news service from the London Stock Exchange
END
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