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Macau businessman Stanley Ho wants to increase BCP stake to at least 5 pct
 Message was posted: 06:13 Oct 10th, 2007     
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LISBON (Thomson Financial) - Macau businessman Stanley Ho wants to increase his stake in Banco Comercial Portugues' share capital to at least 5 pct, Lusa news agency reported citing Ho's aide Ambrose So.

So told Lusa that the Macau casino mogul is personally interested in hiking his stake in Portugal's largest private bank and reiterated his confidence in the leadership of BCP's chairman Jorge Jardim Goncalves.

Earlier, newspaper Diario Economico said that Ho has boosted his stake in BCP and now owns about 3 pct of its share capital.

Last month, Ho was cited as saying by Lusa news agency that he wanted to increase its stake in BCP.

'We would like to increase our stake and continue to believe that the bank has an excellent future ahead of it,' Lusa news agency cited Ho as saying at the time.

He added that he was not concerned about the recent management turmoil at the bank which led to the replacement of former CEO Paulo Teixeira Pinto by Filipe Pinhal, who is said to be close to chairman Jorge Jardim Goncalves.


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