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After receiving €6.5bn from the state, Portuguese banks Caixa Geral de Depósitos, BCP, BPI and Banif are to meet envoys from the European Union’s Directorate General for Competition in Lisbon to debate the introduction of restructuring measures, the details of which have yet to be revealed.

In the case of BCP, the bank may be forced to sell Bank Millennium, the brand it uses for its Polish operations.