Spain’s Caixabank has sold 1.3 billion euros of shares to boost its capital reserves and fund its takeover of Portugal’s Banco BPI.<br /><br /> Reportedly Mexican tycoon Carlos Slim – said to be the fourth richest man in the world – bought 100 million euros worth of the shares increasing his substantial investments in Spain.<br /><br /> Carlos Slim buys into 1.3 billion euro share sale by Spain’s Caixabank https://t.co/LkokpvoK2B— Jennifer Ablan (@jennablan) September 23, 2016<br /><br /> Caixabank – which is Spain’s third biggest lender – made a formal bid on Wednesday to buy the 55 percent of BPI it does not yet own for which it will pay about 900 million euros. <br /><br /> Caixabank’s fell 3.75 percent on Friday while BPI’s share rose by about the same amount.<br />
