Radar > 241233

China Minsheng Banking Corp interested in acquiring Novo Banco

China Minsheng Banking Corp estaria interessada em adquirir o Novo Banco

Intel ID : 241233
Synopsis

Financial institution China Minsheng Banking Corp. would have expressed formally to Fundo de Resolução the interest in acquiring the New Bank, reported Público on October 3, 2016.

According to it, the intention came after several weeks of meetings, and run parallel with the current sale of Novo Banco (see Intel related). These negotiations with China Minsheng Banking Corp. would be regarded as a 'Plan B' for Banco de Portugal.
(content in portuguese)

A China Minsheng Banking Corp, entidade financeira chinesa, teria manifestado formalmente junto do Fundo de Resolução interesse em avançar com uma oferta de aquisição do Novo Banco, segundo publicou o Público no dia 03 de outubro de 2016.

Segundo a notícia, a intenção surge depois de várias semanas de contatos entre as empresas, e decorrem em paralelo com o atual processo de venda do Novo Banco (ver Intel relacionado). Estas negociações com o China Minsheng Banking Corp, seriam encaradas como um ‘Plano B’ para o Banco de Portugal.

Intel ID 241233
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
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

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

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.