THE BCP will allow Fosun to gain greater muscle international. The chinese group mentions the same that the bank headed by Nuno Amado can become a financial services platform that give you gas that has a global presence.
“it Is expected that the BCP becomes an important investment of the group with the completion of the transaction and become a wide platform of financial services that help the group to expand its activities in Europe and Africa”, indicates the chinese group said in a statement placed on the website of the chinese group.
At Fosun, chaired by Guo Guangchang (pictured), has the prospects for Portuguese financial institution, where it holds a 16.7% through the investment of 175 million euros: “The group plans to apply its investment capacities and other resources to help the bank to improve its vast financial business related to greater China region and enhance the profitability of the bank.”
The chinese group wants to extend its own international network and the purchase of the position in BCP – and the eventual increase up to a share of 30% it will also “help the group to enter in the financial markets of Poland, Mozambique, Angola and Switzerland quickly”.
In Portugal, the conglomerate chinese that controls the Fidelity and Light Health believes that can help to strengthen the market share of the BCP group. One of the points of the memorandum of understanding signed between the management Nuno Amado, and the chinese group is likely to have partnership agreements in the area of insurance but only outside of the Uk.
The Fosun will have to stay on BCP for at least three years and, although it has 16,67%, the objective is to reach the 30% is through capital increases it reserved either through purchases in the secondary markets.
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