Fosun has successfully concluded through Chiado Luxembourg the sale of 846,000,000 shares representing approximately 5.60% of the capital of Banco Comercial Português for around 235.188 million euros, it was announced.
In a statement sent to the Portuguese Securities Market Commission (CMVM), dated January 22, Chiado Luxembourg states that the total proceeds of the placement amounted to approximately 235,188,000 euros, which corresponds to a price of 0.2780 euros per share, and that after the settlement of the operation it will hold 3,027,936,381 BCP shares.
The sale was made by means of a private offering through an accelerated bookbuilding process aimed exclusively at qualified institutional investors of 846,000,000 shares representing approximately 5.60% of BCP’s share capital.
Settlement of the placement will take place on January 25, 2024.
On Monday, the Chinese company Fosun had announced the sale of up to 5.60% of its position in BCP, through the company Chiado, according to a statement to the market, but that it intended to maintain a “stake above 20%”, the bank said.
In a statement to the Portuguese Securities Market Commission (CMVM), Luxembourg-based Chiado announced its “intention to proceed with the sale of up to 846,000,000 shares representing up to 5.60% of the share capital” of BCP.
The bank’s official source said that “Millennium bcp has been informed that Fosun’s intention is to maintain a stake above 20%, remaining as the reference shareholder”.
Fosun entered BCP’s capital in 2016, having invested almost 174.6 million euros at the time to buy 16.7% of the bank’s capital.
