Coris Holding Acquires 62.25% of BCA Bank Capital After Tender Offer

Coris Holding has successfully acquired a 62.25% stake in the capital of Banco Comercial do Atlântico (BCA) following the completion of its Public Tender Offer. The offer, initiated by Coris Holding itself, aimed to protect minority shareholders and targeted 532,413 shares, representing 40.19% of BCA's share capital. Each share was valued at 14,918 Cape Verdean escudos. Gilberto Barros, Chairman of the Board of Directors of BCA, expressed confidence in the institution, viewing the operation as a market endorsement and a commitment to further serve the economy, finance businesses, the state, and structural projects. The Chairman also raised questions about the challenges that will accompany this transition. Júlia da Cruz, President of the Cape Verde Stock Exchange, reported that the operation was successful, receiving 20 orders for 32,300 shares, which equates to 6.07% of the shareholders who chose to sell. She expressed hope that the transaction will strengthen BCA and contribute to the development of the Cape Verdean economy. Furthermore, expectations are high for BCA's modernization, efficiency, and competitiveness, with a particular focus on digitalizing services and directly supporting the real economy, especially through financing for micro, small, and medium-sized enterprises in Cape Verde. The tender offer period ran from May 21 to June 4, 2026, with the physical and financial settlement occurring on June 5, 2026.