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Fosun Weighs Sale of €2.8 Billion BCP Stake, Expresso Says

Henrique Almeida
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⚡ Quantum Brief
Chinese conglomerate Fosun International is considering selling its 20.45% stake in Banco Comercial Português (BCP), Portugal’s largest listed bank, according to a report by Expresso. The potential sale is part of Fosun’s broader strategy to raise capital and streamline its portfolio, as the BCP stake is no longer deemed strategic. Fosun’s move follows a profit warning issued last month, signaling financial pressure and prompting asset reviews to improve liquidity. Expresso’s report did not disclose sources but indicated the stake, valued at approximately €2.8 billion, could attract significant investor interest. The decision reflects Fosun’s shifting priorities amid economic challenges, potentially reshaping BCP’s ownership structure.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Chinese conglomerate Fosun International is weighing options for its 20.45% stake in Banco Comercial Português SA including a sale, Expresso reported, as it steps up efforts to raise cash and streamline its portfolio.The holding in BCP, Portugal’s largest listed bank, is no longer seen as strategic, the newspaper said, without saying where it got the information. The report comes after Fosun issued a profit warning last month.

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