BPC sells over 15% of Millennium shares

Millenium BCP has launched an accelerated placement of 15.41 percent of its Polish unit shares, Reuters reported. "The placement will enable Millennium to further strengthen its capital position while retaining a majority shareholding in the company," it said in a statement. "As majority shareholder, Millennium continues to be fully committed to Bank Millennium, which remains core to its franchise and strategy." The European Bank for Reconstruction and Development is considering purchasing 3 percent of the shares, it informed. Portugal's Millenium BCP said it will remain a long-term majority shareholder in Bank Millennium and that Poland "continues to represent a core market". BCP owns 65.5 percent of Bank Millennium.