LISBON Feb 9 Millennium bcp, Portugal's largest
listed bank, is currently paying off the last 700 million euros
of outstanding contingent covertible bonds (CoCos) to the
government, CFO Miguel Braganca said on Thursday.
"Today, at this precise moment the 700 million euros are
being paid to the government," Braganca said during a
presentation at Euronext Lisbon. "At the end of the day, the
state will no longer have any capital in BCP."
Millennium completed this month a capital hike of 1.33
Braganca also said that China's Fosun, which raised its
stake in Millennium in the capital increase to 23.92 percent,
remains committed to reach a 30 percent holding.
(Reporting By Sergio Goncalves, writing by Axel Bugge)