Skadden Arps Slate Meagher & Flom’s London arm has advised Banco Comercial Portugues (BCP) on its €1.3bn (£1.03bn) rights issue.

London capital markets partner James Healy led the Skadden team on the capital raising, which closed on 6 May. BCP, the largest Portuguese bank listed on the Euronext 100 index, has used Skadden on other corporate transactions in the past but has also turned to firms including Allen & Overy (A&O) and Freshfields Bruckhaus & Deringer.