Radar > 222222

Banco BPI could carry out a capital increase to finance acquisition of Novo Banco

Banco BPI poderá realizar aumento de capital para pagar compra do Novo Banco se for necessário

Intel ID : 222222
Synopsis

Banco BPI's president, Fernando Ulrich, said the company is a serious candidate in the acquisition of Novo Banco. He said the institution has the necessary conditions to raise the resources for this transaction, even through capital markets.

According to Ulrich, BPI's capacity to invest in Novo Banco does not depend on its revenues. It depends on BPI's capacity to obtain resources through its shareholders and, if necessary through capital markets.
(content in portuguese)

O presidente do Banco BPI, Fernando Ulrich, reconfirmou que é um sério candidato a ficar com o Novo Banco. E garantiu que a instituição que preside tem todas as condições para mobilizar os recursos necessários para a operação, até mesmo através do mercado de capitais.

Segundo o presidente, a capacidade do BPI de investir no Novo Banco não depende de resultados. Depende da capacidade do BPI de mobilizar os recursos com os seus acionistas e, se for necessário, com acesso ao mercado de capitais.

Bidder

Banco BPI
Portugal

Target


Intel ID 222222
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
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

Bidder

Name
verified
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

Target

Name
verified
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.