Millenium BCP, Portugal’s biggest private bank and the country’s main structured products provider, announced that its legal merger with Euro Bank has been completed.

The bank’s Polish subsidiary, Bank Millennium, agreed on in November 2018 to buy Euro Bank from Société Générale for US$484m (€435.2m). One hundred and twenty-nine structured products worth €57m struck during September. The vast majority of products launched were leverage products with just six ‘traditional’ structured products seen during the month. A further 192 investment strategies matured in the month, releasing €279m back onto t

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