By Reuters Published: 12:21 EDT, 22 June 2016 | Updated: 12:21 EDT, 22 June 2016 June 22 (Reuters) - Spain's Caixabank * Says ECB has suspended sanction process on Portuguese bank BPI's investment in Angolan bank BFA * Spain's Caixabank says ECB has given Caixabank four months to address risk associated with BPI investment in Angolan bank BFA * Spain's Caixabank says four month period will start when Caixabank's planned acquisition of BPI is completed * Caixabank, which owns 44 percent of BPI, offered nearly $2 billion to take full control of Portuguese lender in April. Further company coverage: (Madrid Newsroom) Advertisement
The European Central Bank (ECB) has given Caixabank four months to address risks associated with Banco BPI's investment in Banco de Fomeno Angola. The four month period is set to begin once Caixabank's $2bn acquisition of BPI has been completed.