Radar > 218496

BNP Paribas Corporate Finance could be the adviser in Novo Banco's transaction

Transacção do Novo Banco poderá ser assessorada por BNP Paribas Corporate Finance

Intel ID : 218496
Synopsis

Banco de Portugal (BdP) invited BNP Paribas Corporate Finance to submit a proposal for financial advice in Novo Banco's sale. Novo Banco retained all non-toxic assets of former Banco Espírito Santo.

The objective is to maximize the deal value, in other words the sale of Novo Banco, following the best international practices without interfering with the bank's regular activities, stated the seller.
(content in portuguese)

O Banco de Portugal (BdP) convidou o BNP Paribas Corporate Finance a apresentar uma proposta para ser o assessor financeiro do processo de alienação do Novo Banco, que ficou com os activos não tóxicos do antigo Banco Espírito Santo.

O objectivo desta operação é maximizar o valor da transação, ou seja, a venda do Novo Banco, e a mesma seguirá as melhores práticas internacionais, sem afectar a normal actividade da instituição, reforçou a entidade vendedora.

Target


Intel ID 218496
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

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.02 Central Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
10.01.01 BPO/Outsource Services
10 Business Services / 10.01 Business & Professional Support Services

15.05.99 Other Distribution & Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

15.10.03 Cultural Sites & Attractions
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

45.03.03 Trade Journal & Magazine Publishing
45 Media, Entertainment & Information Services / 45.03 Publishing

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.