Novo Banco sale to be postponed
A venda do Novo Banco deverá ser adiada
Intel ID : 229223
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The sale of Portugal-based financial institution Novo Banco, which had been under negotiations with China-based Fosun (see related intel), will be postponed, as published by Dinheiro Vivo on 11 September 2015. The institutions headed by Carlos Costa considers the acquisition offers for Novo Banco to be too low, and does not want to proceed. This sale process should be annulled, and a new tender will be launched, with shorter terms, in 2016.
(content in portuguese)
A venda da instituição financeira lusa Novo Banco, que estava em negociações com a chinesa Fosun (ver Intel relacionado), vai ser adiada, segundo publicou o Dinheiro Vivo no dia 11 de setembro de 2015. A instituição liderada por Carlos Costa considera as ofertas pelo Novo Banco muito abaixo do desejado e não quer avançar com a venda. O atual processo de venda deverá ser anulado, e será lançado um novo concurso, com prazos mais curtos em 2016. |
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| Intel ID | 229223 | |
| Value | ND | |
| Native Currency | Euro (EUR) | |
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Financial Data - Novo Banco
(31 Mar 2016) |
Revenue: EUR 140,80m | |
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.