Subsequent Events - Caixa Geral de Depósitos

Subsequent Events

Subsequent Events
116
Board of Directors’ Report 2009
SUBSEQUENT EVENTS
Shares in ZON MULTIMÉDIA ‑ Serviços de Telecomunicações e Multimédia, SGPS, SA,
comprising 2.5% of its respective share capital were disposed of on 29 January 2010.
CGD was informed that under a ruling issued by the Government of the National Bank of
Angola, on 13 January 2010, it was authorised to form Banco para Promoção e
Desenvolvimento, SA, jointly owned on an equal basis between CGD Group and Sonangol
Group.
CGD launched its third public issue under its covered bonds programme in January 2010 for
an amount of EUR 1 billion and a maturity of 10 years, placed with institutional investors.
Caixa Geral de Depósitos, SA entered into a shareholders’ agreement with Votorantim
Cimentos, SA, on 03 February 2010 for concerting their respective positions as leading
shareholders in CIMPOR. The objective of the agreement was to enable CIMPOR to establish
shareholding stability and benefit from an adequate corporate governance model for a major
international company. Votorantim is an international cement manufacturer with major
strategic and cultural affinities with CIMPOR and is aligned with the vision of sustained
growth envisaged for the company by CGD.
In early 2010, Caixa Geral de Depósitos was considered to be the most valuable Portuguese
brand according to the Brand Finance Banking 500 ranking. The Caixa brand was valued
EUR 1 billion, a significant amount which rewards the bank’s financial strength and prudence
in the markets in which it operates.