Fosun raises stake in Portugal's Millennium bank to 25%

Fosun raises stake in Portugal's Millennium bank to 25%

A company logo of Fosun International is seen at the Fosun Fair held alongside the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015. REUTERS/Bobby Yip/File Photo

Chinese conglomerate Fosun International has increased its stake in Portuguese bank Millennium bcp to 25.16 percent from 23.93 percent, following its stated strategy of raising its holding up to 30 percent, Millennium said.

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