Banco Espirto Santo E (CE) (BKESY) News

this thing is done and done?? like cooked well done with no hope of survival?

Citigroup gets 2% of the ‘bad bank’ – TVI24 Citigroup acquired 3,753,415 securities of Banco Espírito Santo (BES), the so-called ‘bad bank’ following the intervention of the Bank of Portugal in the former BES, a business conducted outside the regulated market. The announcement was made on Friday by the Portuguese entity. “The acquisition resulted from a transaction that occurred on May 21, 2015,” reads the statement which is available on the Securities Market Commission (CMVM), which specifies that the business was conducted by a Citigroup subsidiary the Citigroup Global Markets Limited. After this operation, whose identity of the seller is unknown, the US entity now holds an overall position of 113,262,901 shares of BES, to which is added ‘swap’ contracts, corresponding to a share qualified joint of 2.0137%.

http://bestportugueseeconomy.blogspot.de/2015/05/bes-citigroup-gets-2-of-bad-bank-tvi24.html

http://economico.sapo.pt/noticias/citicorp-compra-3700-milhoes-de-accoes-do-bes-mau_219749.html

Picked up some BKESY here!!

got out of BKESF at a tiny loss, bid back to .0022 lol.

with 10 trades a day, you will trade with your self ;)

bought some BKESF today at .0076, bid dropped to .0002, lol. i know the situation here, but no idea when to expect these shares to be cancelled. sure they're worthless but so are 95% of the stocks on the OTC... could be a decent-to-awesome bounce from here, if we keep trading.

Portugal's prime private bank is in trouble right now. Government of Portugal has issued a warning, but gave a rescue plan.
The stock listed at BKESY is the ADR of the official portuguese share stock of BKESF. The bank is currently not traded at the portuguese home stock exchange.