Radar > 235140

Oitante may have hired N+1 as adviser in sale of Banif Banco de Investimento

Oitante habría contratado a N+1 para la venta de Banif Banco de Investimento

Oitante teria contratado a N+1 para assessorar a venda do Banif Banco de Investimento

Intel ID : 235140
Synopsis

Oitante, a public vehicle created to receive non-performing assets of Banco Banif, may have hired N+1 as a financial adviser in the sale of Banif Banco de Investimento, as published by newspaper Económico on 29 March 2016.

According to the news, Spain-based N+1 had already been hired by Banif, before the Resolution to find a private solution to replace the Government, which later turned out not to be possible because of the Resolution's measure applied to the bank and the sale of the banking business to Banco Santander Totta (see related transaction).
(content in spanish)

Oitante, vehículo público creado para albergar los activos problemáticos de Banco Banif, habría contratado a N+1 para llevar a cabo la venta de Banif Banco de Investimento, según ha señalado Económico el 29 de marzo de 2016.

Según la noticia, la firma española ya ha sido contratada por Banif, antes de la Resolución para encontrar una solución privada que sustituyese al Estado, que después acabó por no ser posible como consecuencia de la medida de Resolución aplicada al banco y la venta del negocio bancario a Banco Santander Totta (ver transacción relacionada).
(content in portuguese)

A Oitante, veículo público criado para albergar os activos problemáticos do Banco Banif, teria contratado a N+1 assessora financeira na venda do Banif Banco de Investimento, segundo publicou o Económico em 29 de março de 2016.

De acordo com a publicação, a firma espanhola já tinha sido contratada pelo Banif, antes da Resolução para encontrar uma solução privada que se substituísse ao Estado, que depois acabou por não ser possível por causa da medida de Resolução aplicada ao banco e venda do negócio bancário ao Banco Santander Totta (ver transação relacionada).

Seller

Oitante
Portugal

Advisors

prospect

Intel ID 235140
Value ND
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

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

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.05 Corporate, Sovereign & Trade Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) 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.