26th Mar 2007 13:52
Credit Andorra Preference Ltd26 March 2007 Relevant shareholders of Credit Andorra agree to purchase the 46,35% stake ownedby "La Caixa" Andorra la Vella, 15th September 2006.- "La Caixa", Caixa d'Estalvis i Pensionsde Barcelona, has reached an agreement to sell their 46,35% stake in CreditAndorra for the amount of 927 million Euros. The sale will be carried out in two stages: the first sale of 26,36%, will takeplace before the year end. The second of 19,99%, will take place before endMarch 2007. Credit Andorra came to an agreement with "La Caixa" to acquire 100% of CaixaBanklast July 2005. With this new financial operation, 100% of the capital nowremains in the hands of Andorran shareholders. The disinvestment of "La Caixa" will not affect the privileged relationship thatboth institutions have built together in the past. Regards This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Credit And. A