Radar > 235940

Millennium BCP could acquire Novo Banco

O Millennium BCP poderia entrar na corrida pelo Novo Banco

Intel ID : 235940
Synopsis

Millennium BCP (Euronext Lisboa: BCP), based in Oporto, could enter the run to acquire Novo Banco, if the sale materializes at sales price, as published by newspaper Económico on 26 April 2016.

However, according to the news, the bank will have to analyze the acquisition of Novo Banco, if the sale causes high losses for the Fundo de Resolução, it will enter the run.

Novo Banco's sale price will determine if the merger process is possible between BCP and Novo Banco.

Novo Banco's sale process is currently being relaunched by Banco de Portugal and Fundo de Resolução. In the last few weeks, the roadshow began for potential investors. (see related intel)

According to the news, Banco BPI (Euronext Lisboa: BPI) and Santander Totta could also be in the run.
(content in portuguese)

O Millennium BCP (Euronext Lisboa: BCP), entidade financeira com sede em Porto, poderia entrar na corrida pelo Novo Banco se a venda for feita a preço de saldo, segundo publicou o Económico no dia 26 de abril de 2016.

No entanto, segundo a notícia, o banco terá que analisar a compra do Novo Banco, se o processo de venda implicar perdas elevadas para o Fundo de Resolução, ele entrará na corrida.

O preço de venda do Novo Banco é por isso determinante para essa possível operação de fusão BCP/Novo Banco poder ser uma realidade.

O processo de venda do Novo Banco está a ser relançado pelo Banco de Portugal e pelo Fundo de Resolução. Nas últimas semanas, teve início o 'roadshow' junto de potenciais investidores (ver Intel relacionado).

Ainda segundo a notícia, o Banco BPI (Euronext Lisboa: BPI) e o Santander Totta também poderiam estar na corrida.

Intel ID 235940
Value ND
Native Currency Euro (EUR)
Financial Data - Novo Banco
(31 Mar 2016)
Revenue: EUR 140,80m
Date
Country
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Subsector (Old TTR Sectors)
Type
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Tags

Bidder

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

Bidder

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

Bidder

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

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.