Bank of Portugal Receives Four Bids for Novo Banco
01 July 2016 - 5:50AM
Dow Jones News
LISBON—Portugal's central bank said Thursday that it received
four bids for Novo Banco SA, the good bank created out of the
collapse of Banco EspĂ rito Santo SA.
Novo Banco was put on the block last year, but its sale was
shelved in September over price disagreements.
Bank of Portugal said in a statement that it now will decide
whether to sell the bank to a bidder or through the market, a task
that could prove difficult given investor uncertainty following
U.K.'s vote to leave the European Union last week.
The central bank didn't name the bidders.
Write to Patricia Kowsmann at patricia.kowsmann@wsj.com
(END) Dow Jones Newswires
June 30, 2016 15:35 ET (19:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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