Home News Novo Banco sale by no means settled

Novo Banco sale by no means settled

Published on 05/07/2017

Portugal’s deputy finance minister today assured non-believers that the sale of loss-making Novo Banco will go ahead in November this year.

The vulture fund, Lone Star, is waiting for the completion of a €500 million debt swap that Ricardo Mourinho Felix said, “will be launched soon.”


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