By Sergio Goncalves
Lisbon (Reuters) -There is a high possibility that the US private equity company Loan Star will sell 25-30 % of the Novobanko shares through the initial recruitment, rather than asking the Portuguese government for full sales. Said Finance Minister of Salzy Joachim Miranda. on friday.
In September, three sources of knowledge about the problem told Reuters that 75 % of Novobango is considering full sales and weight of IPO. According to sources, novo Banco is worth about € 5 billion ($ 5.2 billion).
The fourth largest bank, Portugal, was created in 2014 with the rescue of the collapsed Civil Bank Bango Spirit Santo.
Loanstar has owned shares since 2017, and the Portugal resolution fund and the nation have the rest.
According to Miranda Salment, the government said from the government that the US private Co., Ltd. would like to execute a bank about 25 % to 30 % of the banks of the bank.
He said the government said, “It has never been informed that a loanstar is selling 75 % of the banks of banks.”
Novo Banko refused the comment. The request for comments was sent to a lonely star by email.
The top five banks of Portugal manage more than 80 % of national bank assets, but analysts are looking at further integration to improve competitiveness.
However, the Banko Banko says that banks will be better as an independent lender.
In June, CEO Paulo Macedo, a nationally owned CAIXA Geral de Desitos (CGD), is another bank in Japan, in order to maintain market leadership in the face of expansion of foreign banks, especially those who are larger than Portugal. He stated that he was considering “all hypotheses” to buy a lender. Spain.
“If the CGD decides to evaluate what the market status and future development is, the government will make a decision based on this evaluation, but it will not interfere with CGD management,” Miranda. Salment told reporters.
Another top bank in Japan is the Millennium BCP, the Spanish giant Santander, and the BPI owned by the Santander Portugal, and Ka Savan, Spain.
($ 1 = 0.9626 euros)
(Report by Sergio Goncalves, editing by Mark Potter)
