Divestments

After months of denial saying it wasn’t planning to sell its 20% share in Portuguese bank BCP, Chinese shareholder Fosun now says it cannot rule out selling its share if it cannot sell off other [...]

Portugal’s mutualist bank Banco Montepio is expected to post zero profits for 2023 because of the cost of selling its assets in Angola. The bank posted a loss of €50 million for H1, 2023 and says [...]