Radar > 233080

Banco de Portugal (BdP) resumes sale of Novo Banco and opens submission for financial services proposal

Banco de Portugal (BdP) retoma venda do Novo Banco e abre período de apresentação de proposta de serviços financeiros

Intel ID : 233080
Synopsis

Banco de Portugal (BdP) announced resuming sale of a stake in Novo Banco held by Fundo de Resolução, as published by newspaper Económico on 18 January 2016.

According to the news, the process details were not disclosed, but it is knows the financial advisory team will reinforced, eventually replacing BNP Paribas and TC Capital, which were present during the first attempt to sell the bank headed by Eduardo Stock da Cunha.

Still according to the news, Banco de Portugal (BdP) announced it will strengthen the financial advisory team. The bank opened a period for submission of proposal for financial services.
(content in portuguese)

O Banco de Portugal (BdP) anunciou que vai retomar o processo de venda da participação do Fundo de Resolução no Novo Banco, segundo publicou o Económico em 18 de janeiro de 2016.

De acordo com a notícia, os moldes do processo ainda não são conhecidos, mas é certo que a equipa de assessores financeiros será reforçada, eventualmente com a substituição do BNP Paribas e do TC Capital, que apoiaram a primeira tentativa de venda do banco liderado por Eduardo Stock da Cunha.

Ainda de acordo com a publicação, o Banco de Portugal (BdP) informou que vai reforçar a equipa de assessores financeiros. A instituição financeira abriu o período de apresentação de propostas para a prestação de serviços financeiros.

Target

Novo Banco
Portugal

Advisors

prospect
prospect
prospect
prospect

Intel ID 233080
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
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

Related Entity

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

Financial Advisory

Legal Advisory

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.