Edition 1416
25 March 2017
Edition: 1416

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Union calls for Novo Banco nationalisation

by TPN/ Lusa, in News · 10-01-2017 08:37:00 · 0 Comments


One of Portugal’s main bank worker unions added its voice to the growing chorus of those calling for the “temporary nationalisation” of Novo Banco.

Union calls for Novo Banco nationalisation

 

The union stressed the “large share” Novo Banco enjoys of the domestic market in terms of small and medium enterprises and how it boosts the national economy.

 

The Bank of Portugal announced earlier this month that the US investment fund Lone Star, which also owns Vilamoura, was best placed to buy Novo Banco and it would be invited for further negotiations.

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Edition 1416
25 March 2017
Edition: 1416

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

Twitter

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