Spain. CaixaBank Buys Banco BPI’s Card Business
Portugal’s Banco BPI S/A (BPI.LB) will sell its card and point-of-sale activities to entities associated with CaixaBank SA (CABK.MC) for a total of 113 million euros ($134.1 million), the two banks said Thursday.
CaixaBank SA (CABK.MC) holds a controlling stake in Banco BPI.
CaixaBank Payments E.P., a wholly-owned subsidiary of CaixaBank, will acquire Banco BPI’s credit and debit card-emitting activities for EUR53 million.
At the same time, Comercia Global Payments E.P., a joint venture between CaixaBank and Global Payments Inc., will acquire Banco BPI’s point-of-sale terminal activities for EUR60 million.
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