Monday, August 1, 2016

BCP shoots and boosts bag – Jornal de Negócios – Portugal

The PSI-20 up 0.90% to 4790.51 points, with 13 listed high in two falling and three unchanged. Among European counterparts the trend is also gains.

At the National Stock Exchange the highlight is the BCP, which fires 8.91% to 0.022 euros, benefiting from the news show that Fosun wants to enter the bank’s capital and that the financial institution had a positive result in the stress tests.

Fosun informed the BCP who is interested in getting more than 16% of the bank’s capital through a capital increase, and admits further strengthen to a level between 20% to 30%, according with a statement that was posted on Saturday, July 30. The Chinese group proposes to invest 500 million to have 30% of BCP, a position that will have on the bench. Management Nuno Amado opens his arms to the operation that allows you to pay all state aid. Lack agreement of shareholders that business is still to do this year.

Also on Friday, July 29, the bank revealed the results of stress tests carried out by the EBA and the ECB, and reported that he was more than 7% of solidity ratio in the adverse scenario, more than 1.5 percentage points above the minimum required.

also on Friday, BCP revealed that ended the first half of the year with a loss of 197.3 million euros. In the same period last year the bank had registered a profit of 240.7 million euros. The results were penalized by impairment charge for credit.

These are the news that investors are cashing on Monday.

Still in banking, BPI follows stable at 1,115 euros.

In the field energy, EDP grows 0.81% to 3,093 euros and EDP Renováveis ​​appreciates 0.36% to 7,265 euros. Galp values ​​up 0.33% to 12.25 euros and REN gained 0.33% to 2,729 euros.

On the opposite side is the Jerónimo Martins, the down 0.07% to 14.965 euros after a week passes have risen more than 6%, benefiting mainly from the results of the first half of the year.


(News updated with more information)

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