Radar > 221520

BCP, Caixa Geral de Depósitos, BIC and Banif cannot acquire Novo Banco

BCP, Caixa Geral de Depósitos, BIC e Banif não poderão adquirir o Novo Banco

Intel ID : 221520
Synopsis

The European Commission removed Portuguese banks BCP, Caixa Geral de Depósitos, BIC and Banif from the run to acquire Novo Banco, due to commitments with Brussels. These four banks are no longer in the group of 17 entities interested in acquiring the Portuguese bank.

BCP and BIC are unable to make acquisitions of other companies for the next two years, due to commitments with the European Commission. The reason being that BCP received a EUR 3,000m capital injection from public funds, and BIC has recently acquired BPN.
(content in portuguese)

A Comissão Europeia coloca fora da compra do Novo Banco os bancos portugueses BCP, Caixa Geral de Depósitos, e ainda o BIC e o Banif, por compromissos assumidos com Bruxelas. Ficando assim, estes quatro bancos fora do grupo dos 17 interessados na privatização da entidade bancária.

O BCP e o BIC estão impossibilitados de realizar aquisições de outras instituições nos próximos dois anos, devido a compromissos assumidos com a Comissão Europeia, no caso do BCP está em causa a injeção de EUR 3.000m em fundos públicos, e no caso do BIC por causa da aquisição do BPN.

Target


Intel ID 221520
Value ND
Native Currency Euro (EUR)
Financial Data - Novo Banco
(31 Mar 2016)
Revenue: EUR 140,80m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect 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.