BPCE said it was also “in talks with the Portuguese government and the Bank Resolution Fund to acquire their stakes in Novobanco (11.5% and 13.5%, respectively), on identical terms”.
BPCE said it was also “in talks with the Portuguese government and the Bank Resolution Fund to acquire their stakes in Novobanco (11.5% and 13.5%, respectively), on identical terms”.
The US fund has chosen the French group that owns Natixis to sell its 75% stake in Novobanco, reports ECO. Negotiations have already begun and the valuation could be close to 7 billion.
