Caixa Galicia ended yesterday leaving the Banco Pastor. The case led by José Luis Mendez came off the 5% stake still held in the capital of the entity at a price of 38.7 euros per share, bringing the total transaction amount to 127 million euros. The transaction report to Caixa Galicia a gain of 84.3 million.
Sources close to the sale assured that this is related to a shift in strategy for the savings, has decided to dispose of their investments in the financial sector to focus its efforts on energy. In the same context also includes the recent successive increases in the participation of Caixa Galicia in Union Fenosa.
True to this new target, Caixa Galicia has entered this week, at the hands of Portuguese cork tycoon Americo Amorim, the capital of Luso oil group Galp. He has done through Iberian Investments, a company in which the Galician bank controls 45% and Amorim, the remaining 55%. This Wednesday closed the purchase of 14.26% of Galp was in the hands of Electricidade de Portugal (EDP) for an amount of 720.5 million euros.
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