Portuguese state considers buying up to 5% of BCP bank when Fosun exits

The Portuguese government is studying the possibility of acquiring up to 5% of Millennium BCP shares if the Chinese conglomerate Fosun decides to sell its 20.5% stake. The potential purchase is linked to the government's plans for a future sovereign wealth fund and a desire to prevent 'undesirable' shareholders, such as other foreign banking entities, from increasing their presence in the Portuguese market.