Fosun Weighs Sale of €2.8 Billion BCP Stake, Expresso Says

Chinese conglomerate Fosun International is weighing options for its 20.45% stake in Banco Comercial Português SA including a sale, Expresso reported, as it steps up efforts to raise cash and streamline its portfolio.

The holding in BCP, Portugal’s largest listed bank, is no longer seen as strategic, the newspaper said, without saying where it got the information. The report comes after Fosun issued a profit warning last month.