Radar > 245412

Banco de Portugal confirms exclusive deals with Lone Star

Banco de Portugal confirma negociações exclusivas com Lone Star

Intel ID : 245412
Synopsis

Banco de Portugal (BdP), a financial institution, selected the potential US- based investor Lone Star for a definitive phase of exclusive trading, reported the bank itself in a statement published on 20 February 2017.

The negotiations aim finalizing the terms on which the sale of the Resolution Fund's stake in Novo Banco can be completed.

Novo Banco was also being negotiated by Apollo/Centerbridge consortium and China Minsheng (see related Intels).
(content in portuguese)

O Banco de Portugal (BdP), instituição financeira portuguesa, selecionou o potencial investidor norte-americano Lone Star, para uma fase definitiva de negociações em condições de exclusividade, segundo publicou o Banco de Portugal em Comunicado no dia 20 de fevereiro de de 2017.

As negociações tem vista à finalização dos termos em que poderá realizar-se a venda da participação do Fundo de Resolução no Novo Banco, entidade financeira sediada em Lisboa.

O Novo Banco também estava sendo disputado pelo consórcio Apollo/Centerbridge e pela China Minsheng (ver Intels relacionados).

Relevant Documents

Bidder

Target


Intel ID 245412
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

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
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

Seller

Name
verified
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  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    
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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.