Spain's Caixabank to launch full takeover bid for Portugal's BPI

Spain's Caixabank said on Monday it would make a full takeover bid in cash for Portugal's BPI for 1.113 euros (0.8895 pounds) per share for the 56 percent stake it doesn't already hold. The offer is dependent on acceptance topping 50 percent of BPI and the Portuguese bank eliminating a 20 percent shareholder rights limitation, the Spanish bank said in a statement to the stock market regulator on Monday.