Published: 4:08am, 8 Feb, 2017 Updated: 8:46pm, 20 Jul, 2018
Fosun, China's largest private conglomerate, has increased its stake in Portugal's largest listed bank BCP Millennium to 23.92% through the lender's €1.33bn ($€175m) rights issue. In November 2017, Fosun bought a 16.7% stake in BCP for 1.42bn. Angola's state-owned oil company Sonangol, BCP's second-largest shareholder, raised its stake from 14.87% to 15.24%.