BlackRock reinforces its stake in BCP’s share capital

  • ECO News
  • 2 October 2017

BlackRock has increased its share capital on BCP, following Fosun and Norges Bank's footsteps - which, in September, had also made a capital reinforcement on the bank headed by Nuno Amado.

The asset manager BlackRock has reinforced its presence in BCP’s capital. BlackRock now holds 2.64% stake — an increase from the previous 2.04% –, according to a press release sent this Monday to the Portuguese Securities Market Commission (CMVM).

“Banco Comercial Português, S.A. (“BCP”) hereby informs that it has received the attached notice from BlackRock, Inc. communicating that, following transactions dated September 28, 2017, the latter became the holder of a 2.64% stake in BCP’s share capital”, is stated in the press release issued by the institution headed by Nuno Amado.

Out of the total of BlackRock capital, 2.02% correspond to voting rights held by means of shares; as for the remaining 0.62%, they correspond to rights obtain through financial instruments.

This capital reinforcement on BCP takes place after Fosun, by means of its subsidiary Chiado, announced a 25.16% stake on the bank’s share capital. Norges Bank also made a stake reinforcement — it now holds 2.544% of BCP.