Radar > 229401

Novo Banco could consider partial sale

Novo Banco estaria estudando a possibilidade de venda parcial

Intel ID : 229401
Synopsis

Portuguese bank Novo Banco's sale could be carried out partially, superior to 50% of the capital, at first, and the remaining sharecapital at a later time to a new shareholder or through Stock Market, as published by newspaper Económico on 15 September 2015.

The previous plan was to sell 100% of the capital, but recent negotiations with Apollo Management International, Fosun and Anbang Insurance Group were not accepted by Banco de Portugal. The sale was delayed. (see related intel)

The companies confirmed they could bid again.

Spanish groups CaixaBank and Sabadell proposed mergers, and these are an option that could be considered, since these companies were among the initial candidates in the sale process.
(content in portuguese)

A venda da instituição financeira lusa Novo Banco, poderá ser parcial, superior a 50%, com o restante do capital a ser alienado posteriormente ao novo acionista ou a ser disperso em bolsa, segundo publicou o jornal Económico no dia 15 de setembro de 2015.

Anteriormente estava prevista a alienação de 100% do capital social, mas as recentes negociações com a Apollo Management International, Fosun e Anbang Insurance Group não foram aceitas pelo Banco de Portugal e a venda foi adiada (ver intels relacionados).

As empresas confirmaram que poderão a voltar a concorrer pelo banco posteriormente.

A participação dos grupos espanhóis CaixaBank e Sabadell, com propostas de fusão, também é um opção que o mercado poderia estar considerando, já que as empresas chegaram a estar entre os candidatos no inicio do processo de venda.

Issuer

Target


Intel ID 229401
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

Issuer

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

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.