CaixaBank, S.A. (BME:CABK) had received a non-binding recommendation from the ECB to gradually reduce its stake in Banco de Fomento Angola, S.A. within a reasonable timeframe. CaixaBank SA will sell off all or part of the 48.1% stake in Banco de Fomento Angola SA that it will acquire when it completes the planned buyout of Banco BPI, S.A. (ENXTLS:BPI). CaixaBank noted that it does not have a specific plan for reducing its eventual stake in BFA, but said any potential divestment would have to comply with the shareholder agreement to which BPI is subject and comply with local banking rules.