Radar > 235185

Banco de Portugal (BdP) could sell Novo Banco through Stock Exchange

Banco de Portugal (BdP) poderá vender Novo Banco também na Bolsa

Intel ID : 235185
Synopsis

Banco de Portugal (BdP) announced the terms of the new sale process of the stake held by Fundo de Resolução in Novo Banco, a bank created in August 2014 as a result of an intervention by Banco de Portugal on Banco Espírito Santo (BES), as published by newspaper Oje on 1 April 2016.

According to the news, direct sale is one of the possibilities, and the sale through the Stock Exchange market is another one. It will all depend on investors. The bank does not rule out a possible nationalization. (See related intel)
(content in portuguese)

O Banco de Portugal (BdP) tornou públicos os termos do novo procedimento de venda da participação detida pelo Fundo de Resolução no Novo Banco, banco de transição criado pelo Banco de Portugal em agosto de 2014 como consequência de uma intervenção ao Banco Espírito Santo (BES), segundo publicou o Oje em 1º de abril de 2016.

De acordo com a notícia, a venda direta é uma hipótese, o procedimento de venda em mercado é outra hipótese. Tudo dependerá do interesse dos investidores. Também não foi descartar a nacionalização. (ver Intel relacionado).

Target


Intel ID 235185
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
potential
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
potential
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.