trending Market Intelligence /marketintelligence/en/news-insights/trending/y72unk8xjqx7wkgciuxlsa2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Millennium BCP to enter exclusive talks with Fosun on stake sale

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Millennium BCP to enter exclusive talks with Fosun on stake sale

MillenniumBCP's board decided to mandate the executive committee to proceedwith, and to complete with exclusivity, negotiations with regardingthe Chinese group's acquisition of an approximately 16.7% stake in thelender, according to a Sept. 28 announcement.

The Portuguese lender had said Sept. 27 that its board resolved tomake effective Oct. 24 a 1-for-75 reverse stock split following the issue ofgovernment decree allowing it to carry out a reverse split of its shares. Thegrouping of the shares is a condition for a potential deal with Fosun, Macauhubreported Sept. 26.

The consideration that will be paid to shareholders for shares thatdo not allow the attribution of a whole number of shares is 2.57 euro cents pershare in cash.

The FosunInternational Ltd. unit will pay €236 million for the 16.7% stake,according to Macauhub.