Apollo Global Management could be interested in Novo Banco
Apollo Global Management estaria interessada pelo Novo Banco
Intel ID : 220924
| Synopsis | 
| US-based fund Apollo Global Management is among the buyers interested in acquiring Novo Banco. The fund, is close to finalizing the acquisition of insurance company Tranquilidade, and it would have to submit an offer by 31 December. Apollo Global Management's interest is similar to that of China-based Fosun - which according to TVI news is willing to offer up to 3.50bn to acquire Novo Banco - BPI and Banco Santander, admit they follow the process closely. 
                                                                                                                            (content in portuguese) A Apollo Global Management está entre os interessados na compra do Novo Banco. O fundo norte-americano, que está prestes a concretizar a compra da seguradora Tranquilidade, terá de entregar a manifestação de interesse até 31 de dezembro. O interesse do fundo de private equity norte-americano junta-se aos chineses da Fosun – que, segundo notícia da TVI, está disposto a oferecer até 3.500 milhões pelo Novo Banco – e, também, do BPI e do Santander Totta, bancos que admitem estar a acompanhar de perto este processo. | 
| Intel ID | 220924 | |
| Value | ND | |
| Native Currency | Euro (EUR) | |
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                                                                Financial Data - Novo Banco  (31 Mar 2016) | Revenue: EUR 140,80m | |
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Bidder
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| Primary Sector (TTRSC) | 25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment | ||
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Target
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| Primary Sector (TTRSC) | 25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment | ||
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Legend:
         Verified: Confirmed as a party to an active or possible transaction.
 Verified: Confirmed as a party to an active or possible transaction.    
         Potential: Unconfirmed as a party to an active or possible transaction.
 Potential: Unconfirmed as a party to an active or possible transaction.    
 Retained: Confirmed as “Retained” with a general or specific mandate.
 Retained: Confirmed as “Retained” with a general or specific mandate.    
 Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
 Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.    
Transactional data is continuously updated by the research team and therefore is subject to change.
                                                                                                 
  
   
          
          
         
                                            