BCP CEO plays down concerns over possible Fosun exit

BCP chief executive Miguel Maya said on Wednesday he is not concerned about a possible exit by Fosun from the Portuguese bank’s shareholder base, arguing that BCP is in “very strong” shape and remains able to attract investors.

Speaking at the presentation of first-quarter results, Maya said speculation about shareholder departures has circulated for years without materialising. “Since 2018 I have been hearing about shareholders leaving and, to this day, they are still here”, he said.

Maya added that he had heard words of appreciation that same day from shareholder representatives about the bank’s progress. Referring to shareholders that supported BCP when it needed backing — without naming them, but apparently alluding to Fosun and Sonangol — he said the bank is now in a much stronger position and in a very different environment.

Asked directly whether he was worried about a Fosun exit, Maya said he was not. He said BCP has “excellent health” and a strong capacity both to attract investors and to generate value. He also said that since Fosun sold a 10% block in January 2024, BCP shares have risen threefold.

Originally published at Eco.pt