Fosun denies negotiating with banks to sell stake in Portuguese BCP

Foreign reports pointed out that the Portuguese representative of Fosun International (00656) has denied reports that the group is negotiating with banks to sell its stake in Banco Commercial de Portugal (BCP). This news attracted market attention, but Fosun International denied it.

Fosun International noted in a statement that it has no plans to sell its stake in BCP to any bank. This news may have a certain impact on Fosun International's share price, but the company remains confident about its future development.

Fosun International’s future plans

Despite speculation surrounding Fosun International's share deal rumors, the company said they will continue to focus on expanding their investment in Banco Comercial de Portugal. Fosun International hopes to strengthen their position in the European market through this move.

Market reaction to Fosun International

Although Fosun International has denied reports of the equity transaction, the market remains optimistic about the company's future performance. Investors are satisfied with the company's strategic plan and look forward to better performance from Commercial Bank of Portugal in the future.

Statement from Fosun International

Fosun International emphasized in its statement that the company will continue to adhere to a sound business strategy and is committed to creating value for shareholders. The company is confident about its future development and will continue to strive to achieve long-term sustainable growth.