资料:China's Fosun has offered to buy almo

题库2022-08-02  19

问题 资料:China's Fosun has offered to buy almost 17 percent of Millennium BCP, Portugal's largest listed bank, and potentially lift its stake to 30 percent, following a having in its share price in the year to date.BCP said in a regulatory filing late on Saturday that Fosun Industrial Holdings had offered to pay ?0.02 a share, equal to Friday's closing price, in a private placement of 16.7 percent of the bank's share capital. According to the filing, Fosun was also considering increasing its shareholding to “20-30 percent”.Fosun, one of China most acquisitive companies, made its Millennium BCP offer a week after it agreed to pay $1.1bn for 86 percent of Indian drugmaker Gland Pharma. In recent years, it has also snapped up France's Club Med and the top Portuguese insurer in Europe.Analysts deem BCP to be in need of capital and vulnerable to a takeover after its share price fell from ?0.05 earlier this year, pushing its market value to a little over ?1.1bn.In a recent report on Portugal's undercapitalisted banks, which are heavily burdened by bad debts, Barclays said BCP could need a capital increase of about ?2bn.On Friday, the bank posted a ?197.3m loss for the first half of 2016, down from a profit of ?240.7 for the same period last year. But it said that stress tests by the European Banking Authority had shown it had sufficient capital to withstand a financial crisis. Under the tests, BCP had a common equity tier one ratio-a key measure of capital strength-of 6.1 per cent under stressed conditions, above the 5.5 per cent threshold seen as the minimum adequate level.Fosun has now offered to subscribe to a private placement, reserved solely for the Chinese group, that would give it a 16.7 percent stake in BCP. It said it was “also considering increasing its stake through secondary market acquisitions or in the context of future capital increases” to up to 30 percent.This offer, which is subject to regulatory approval by Portuguese and EU authorities, is conditional on Fosun being able to appoint at least two of the 20 BCP board members, and up to five members in the event of increasing its stake.BCP said it recognized “the strategic potential” of Fosun's offer, saying it would swiftly proceed with an analysis of its “many positive aspects” before making a recommendation to its board of directors.Is Fosun likely to succeed in buying 16.7 percent of BCP’s share capital?A.Yes.B.No.C.It’s up to Portuguese and EU authorities.D.It depends on whether Fosun is able to appoint at least two of the 20 BCP board members, and up to five members in the event of increasing its stake.

选项 A.Yes.
B.No.
C.It’s up to Portuguese and EU authorities.
D.It depends on whether Fosun is able to appoint at least two of the 20 BCP board members, and up to five members in the event of increasing its stake.

答案 D

解析 本题考查的是细节理解。
【关键词】is Fosun likely to succeed; in buying 16.7 percent of BCP’s share
【主题句】
倒数第3自然段Fosun has now offered to subscribe to a private placement, reserved solely for the Chinese group, that would give it a 16.7 percent stake in BCP. 复星现在已经提出认购私人配售,专为中国企业保留,这将使其拥有BCP 16.7%的股份。
倒数第2自然段 This offer, which is subject to regulatory approval by Portuguese and EU authorities,
is conditional on Fosun being able to appoint at least two of the 20 BCP board members, and up to five members in the event of increasing its stake.这一收购要约受到葡萄牙和欧盟当局的监管批准,同意收购的前提条件是复星能够在20家BCP董事会成员中至少任命两名成员,并在增持股份的情况下,最多可任命5名成员。
【解析】题目意为“复星可能成功购买BCP16.7%的股份吗?”。选项A意为“是”;选项B意为“否”;选项C意为“由葡萄牙和欧盟当局决定”;选项D意为“取决于复星是否能够在20个BCP董事会成员中至少任命两个,在增持股份的情况下最多可以任命五个成员。”。根据主题句可知,选项D符合题意。
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