BCP CEO says there are conditions for "strong shareholder structure"
Millennium BCP's executive chairman, Miguel Maya, said today that the bank has the conditions "to have a strong shareholder structure", downplaying the possibility of Sonangol and Fosun leaving its capital.
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Economia Miguel Maya
"I have been hearing for many years that Sonangol would leave and Sonangol remains firm and has given great support to the bank. Fosun withdrew its stake to 20%, which is a very relevant version," the CEO of BCP told Lusa on the sidelines of the Ovibeja agricultural fair, which runs until Sunday in Beja.
According to Miguel Maya, BCP has "a 'free float' [shares dispersed in the market] of 60%, when the largest European banks have much more than that".
"Therefore, I am very comfortable with the bank's shareholder structure. I have no specific answer to these issues, these are questions that should be asked to the shareholders," he said.
BCP "has the conditions, and will increasingly have better conditions, to have a strong shareholder structure," he insisted.
BCP's main shareholder is the Chinese group Fosun, with a stake of 20.3% after selling approximately 5.60% of the bank's capital in January for around 235.188 million euros.
On January 23, after the sale, the chairman of BCP's board of directors (non-executive chairman), Nuno Amado, declined to comment on the operation to journalists, saying only that the bank "is fine and recommends itself".
The second largest shareholder of BCP is the Angolan oil company Sonangol, which at the end of last year had 19.49% of the bank.
Read Also: BCP expects compression of the financial margin but wants to reverse the situation (Portuguese version)
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