Edition 1425
27 May 2017
Edition: 1425

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Americans invited to discuss Novo Banco takeover

in News · 05-01-2017 08:20:00 · 0 Comments



The Bank of Portugal has revealed that Lone Star, the American private equity fund that owns Vilamoura, will be invited for in depth discussions for the takeover of Portuguese bank Novo Banco.

Americans invited to discuss Novo Banco takeover

 

In a statement issued late last night, the Bank of Portugal said Lone Star was the best positioned entity to assume control of what was formerly Banco Espírito Santo.

 

The Portuguese banking regulator added that the decision does not however preclude other groups from improving their offers to purchase Novo Banco.

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Edition 1425
27 May 2017
Edition: 1425

Read this week's issue online exactly as it appears in print.

Twitter

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