Edition 1432
15 July 2017
Edition: 1432

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Finance Minister wants Novo Banco deal completed ‘in coming weeks’

in Business · 09-03-2017 14:03:00 · 0 Comments

Portugal’s finance minister, Mário Centeno, said on Tuesday he hopes to have the Novo Banco sale process concluded “in the coming weeks.”

Finance Minister wants Novo Banco deal completed ‘in coming weeks’

The Minister was speaking in Lisbon at a joint press conference with his French counterpart, Michel Sapin, where they discussed the future of the European Union.
When reporters asked about Novo Banco – and its sale to Lone Star, which newspaper Público reported that same day was “just waiting for European Central Bank (ECB) approval, and 17 March was “the desired deadline to close the deal” – Centeno only added that “the process is expected to take place in the coming weeks”.
“But I don’t want to give a date”, he concluded.

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Edition 1432
15 July 2017
Edition: 1432

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

Twitter

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