Finance Moves Away From the BCP: I Don't See a Reason for that Right Now, Says Minister
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4 Articles
"I don't see a reason for this right now," the minister said when questioned during the 5th edition of CNN Portugal International Summit in Cascais about whether the Portuguese state admitted to investing in BCP.
The Minister of Finance sees no reason to invest in the bank, and even less so when neither Sonangol nor Fosun (publicly) have shown that they are selling. But he recalled that the intervention of the state does not exhaust itself on the financial side: "We stopped, or at least did everything, so that the New Bank was not acquired by a Spanish bank," he recalled.
The Minister of Finance, Joaquim Miranda Sarmento, rejected the possibility of the State entering the capital of the BCP, but stressed the commitment to avoid a strengthening of the Spanish weight in the Portuguese bank.
<p>Joaquim Miranda Sarmento said this Thursday that, at this time, he sees no reason for the state to enter the capital of the BCP. Asked about this possibility at CNN International Summit, the Minister of State and Finance brought to the conversation the precedent of the New Bank and explained why the government wanted to prevent the Spanish bank from gaining more weight in Portugal.</p>
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