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BPCGY BPCE Bpce5.41%26sep38

0.00
0.00 (0.00%)
Name Symbol Market Type
BPCE Bpce5.41%26sep38 EU:BPCGY Euronext Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Portugal's BCP Bank: Three Bids Received For Polish Unit

19/09/2011 9:03pm

Dow Jones News


BPCE Bpce5.41%26sep38 (EU:BPCGY)
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Banco Comercial Portugues SA (BCP.LB) said Monday that it has received three bids for its Polish unit Bank Millennium SA (MIL.WA) so far.

BCP said it hasn't analyzed the bids yet, and "reception of further expressions of interest remains open."

A spokesman declined to comment further.

The bank said the sale process is still in early stages, and it may decide not to proceed with it.

BCP is selling Bank Millennium as it seeks to boost capital ratios to meet new requirements set by Bank of Portugal and the troika under Portugal's EUR78 billion rescue plan.

-By Patricia Kowsmann, Dow Jones Newswires; 351-916-466-297; patricia.kowsmann@dowjones.com

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