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Recapitalisation of BPI welcomed by markets

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Recapitalisation of BPI welcomed by markets

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It has been announced that struggling Portuguese Bank BPI will be recapitalised. The news was warmly welcomed by investors on Monday in Lisbon. Shares in Portugal’s fifth largest bank climbed by as much as 6.5% in the session. Ending the day up by 5.7%, the best performer of the PSI 20.