Banks mostly fell, with Banco Totta & Acores down 30 escudos at 2, 490, BPI registered shares were down 30 escudos at 2, 530, and Banco Pinto & Sotto Mayor down 9 escudos at 1, 252.
22.
Under the compromise reached Thursday, Banco Santander will get temporary control of the Champalimaud Group on the condition that it sell all of its properties except two banks, Banco Totta e Acores and the mortgage bank Credito Predial Portugues, a Santander executive said.
23.
Banco Espirito Santo was the biggest gainer of the banks on speculation of an eventual takeover of the bank by the Champallimaud group, which controls Banco Totta & Acores SA and Banco Pinto & Sotto Mayor SA and the insurance company Mundial Confianca.
24.
PORTUGUESE stocks rose, closing at a two-week high, after Banco Pinto & Sotto Mayor and Banco Totta & Acores sparked demand for bank shares by selling preference shares in a new, jointly owned company to U . S . investors yesterday.
25.
Costa Lima told a news conference he was stepping down because the government, which vaunts itself as a free-market champion, had by-passed his commission to allow financier Antonio Champalimaud to buy a controlling stake of Portugal's Banco Totta e Acores from Spain's Banesto.
26.
"A lot of people have been putting money aside for EDP, " said Luis Martins, director of equity funds at Totta Fundos, the fund management arm of Banco Totta & Acores SA . " Some of the money has been coming back into the market ."
27.
The manuscript has also two other parts, " De insulis primo inventis in mare Occidentis " ( an account of Canary Islands and the Madeira group ) and " De inventione insularum de Acores " ( containing the only detailed record of the Portuguese discovery of the Azores islands-which Zurara skimps on his chronicle ).
