Banco Comercial Portugues and Banco de Sabadell Announce Acquisition.Business Editors LISBON, Portugal--(BUSINESS WIRE)--June 29, 2000 Banco Comercial Portugues, S.A. (BCP BCP Best Current Practice(s) BCP Business Continuity Planning BCP Business Continuity Plan BCP Book of Common Prayer BCP Banco Comercial Português BCP Bureau of Consumer Protection (US Federal Trade Commission) , NYSE NYSE See: New York Stock Exchange : BPC BPC British Potato Council BPC Brewton-Parker College (Mt Vernon, GA) BPC Bible Presbyterian Church BPC Bangladesh Petroleum Corporation (Chittagong, Bangladesh) BPC British Pharmaceutical Codex , BCPPRA) and Banco de Sabadell (Sabadell) today announced the launch of an Online asset management bank aimed at the Iberian market. This follows the signing in February of this year of a strategic partnership agreement between the two institutions. In the context of this partnership, BCP and Sabadell have agreed with Ibersecurities, Agencia de Valores e Bolsa, S.A. (Ibersecurities) that each bank will acquire a shareholding of 43% in Ibersecurities, corresponding to an investment of Euros 33 million each. The Online bank will specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in asset management, investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and brokerage. It will have its headquarters in Madrid. The bank will be Internet-based and it will also operate a telephone center and a limited number of "Financial Stores" with specially trained staff. Ibersecurities will continue to develop its work in advising institutional customers, both domestic and international, as it has been doing for over a decade. Ibersecurities was formed in July 1989 in the wake of the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of the Spanish securities market. Last year Ibersecurities achieved turnover of 2,600 billion pesetas and a market share of 3%, so becoming the largest independent Spanish broker. Two years ago Ibersecurities launched the first Spanish online broker - Ibersecurities Online - so assuming pioneer leadership in this area. As recognition of this leadership position, Ibersecurities has seen the quality of its financial advisory services recognized by "Expansion," the Spanish newspaper, with the award for the "Best Financial Site" out of 500 candidates. |
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