Novo Banco CEO Says Sale to Large Investors Should Be ‘Explored’

  • Bank of Portugal to decide on sale method after getting 4 bids
  • Sale to strategic buyer or institutional investors are options

Eduardo Stock da Cunha.

Source: Novo Banco SA

A sale of Portugal’s Novo Banco SA to international institutional investors should remain an option for the bank that emerged from the breakup of Banco Espirito Santo SA, Chief Executive Officer Eduardo Stock da Cunha said.

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