Banco Comercial Portugues S.A.
17 October 2000
16 OCTOBER 2000
Banco Comercial Portugues, S.A.
General Meeting of Shareholders held in Oporto
Oporto, October 16, 2000: Shareholders representing 57.15% of the share
capital of Banco Comercial Portugues, S.A. (BCP, NYSE BPC) convened today at
12 p.m. in Oporto.
The meeting unanimously approved the proposals regarding the incorporation of
Banco Pinto & Sotto Mayor, S.A. (BPSM) into BCP, as well as the split and
merger of Banco de Investimento Imobiliario, S.A., and the merger by
incorporation of Banco Mello Imobiliario, S.A. and BMI - Sociedade Gestora de
Participacoes Sociais, S.A. into BCP.
'This decision, following a similar resolution by BPSM shareholders, will
allow the full and formal integration of Banco Pinto & Sotto Mayor into the
Banco Comercial Portugues Group, so leading BCP to achieve its target
synergies' , said Mr. Jorge Jardim Goncalves, Chairman and CEO of BCP.
In terms of the integration of Banco Pinto & Sotto Mayor, BPSM shareholders
will receive 4.6296 BCP shares for each BPSM share held. The shareholder base
of BCP has been significantly enlarged and now stands at 258,340.
For further information:
Rui Lopes Banco Comercial Portugues Tel +35 121 321 1081
Kevin Soady/Toby Moore Citigate Dewe Rogerson Tel +44 20 7638 9571
Cindy Lyman/ Citigate Dewe Rogerson Tel +1 212 688 6840
Melissa Payne-Smith
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