Deals
Fosun International to Pay $185 Million for 16.7% Stake in BCP
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Fosun International Ltd. agreed to pay 174.6 million euros ($185 million) for a stake in Banco Comercial Portugues SA, Portugal’s biggest publicly traded lender by assets.
A unit of Fosun will subscribe to about 157.4 million Banco Comercial shares at 1.1089 euros each through a private placement, equivalent to about 16.67 percent of the expanded share capital, according to a statement from Fosun on Sunday to the Hong Kong stock exchange. The investment will help the Chinese group extend its business in Europe and Africa, it said.