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Millennium falcon

10 Jan 2017 By George Hay

The Chinese investor is upping its stake in lender BCP from 16.7 pct to 30 pct. Fosun is supposed to be deleveraging, and the Portuguese bank still won’t be lavishly capitalised. Still, with BCP trading at 0.2 times book, the Shanghai-based group can argue it is not overpaying.

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