Portugal-based Banco BPI SA and its pension fund agreed to sell stakes in Viacer – Sociedade Gestora de Participações Sociais Lda to Violas SGPS SA.
The bank will sell its 14% stake for €130.5 million, while the pension fund will sell its 11% stake for €102.5 million. The transaction will increase Violas' shareholding in Viacer, a company that owns 56% of the share capital of beer company Super Bock Group SGPS SA, to 71.5%.
The stake sale, which is subject to competition approval, will increase the bank's common equity Tier 1 ratio by 45 basis points.
Banco BPI is a unit of CaixaBank SA.