Following a statement dated 28 August 2015, NOVO BANCO informs it has concluded the sale of Banco Espírito Santo de Investimento S.A. (BESI), for €379 million to Haitong International Holdings Limited, a Hong Kong company fully owned by Haitong Securities ua company quoted on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.
On 3 August 2014, the Bank of Portugal took over the reins of BES after it had presented net half-yearly losses of €3.6 billion and split the institution into a bad bank with all the toxic assets and liabilities (a vehicle which is still called BES, and where the shareholders are corralled) and a good bank, although it is only transitory, called Novo Banco.