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 fund ( ECB ) has given Caixabank four months to address risks associated with c BPI 's acquisition in Rio de Fomeno Angola . The six months period is set to begin once Caixabank 's $ 2bn acquisition of BPI has been completed .