President of BCP, Nuno Amado, confirmed Friday that the bank has not made a bid for New Bank , but submitted a letter of interest, not explaining whether it is interested in the institution in whole or only in certain assets and liabilities.
in the New Bank made a letter of interest with a particular profile. We have confidentiality agreement, can not escape this confidentiality agreement “ , said Nuno Amado at a press conference this Friday.
The New Bank is in the sales process, and those interested in purchasing the institution submitted proposals by the end of last June. According to then reported the Bank of Portugal were four offers received, not having yet relieved of who they treat.
the press has been reporting that in the race are the funds Apollo / Centerbridge and Lone Star and the BPI and BCP banks, and this did not present an offer but only a letter to show interest.
chairman of Santander Totta, Vieira Monteiro, confirmed Thursday that did not present a proposal by the New Bank, but not anticipating the reasons why the bank gave up a possible purchase.
the president of BPI, Fernando Ulrich, avoided this week any questions about buying taking refuge in confidentiality.
Daily News reported Wednesday that negotiations with interested in buying the New Bank will skidding to September “due to the complexity of choice” among proposals that have “very different natures.”
the Bank of Portugal aimed to make the sale of the New Bank this summer, after the process has been suspended in September last year, and the European Commission took another year for the process to be completed by August 2017.
in July, it was controversial to claim that consisted of a letter sent by the Government to Brussels in which he stated that “does not consider the possibility” of carrying out a new state aid to new Bank, adding that if the bank is not sold, enters an orderly liquidation process.
According to the resolution policy and bank recovery, which regulates the bailouts to banks in Europe, a bridge bank, as is the New Bank (which holds the assets and liabilities considered unproblematic BES), “should be administered in a way that enables the continuity of its activities and return to being placed on the market when conditions permit and within the period specified in this directive, or be liquidated if it is not feasible. “
the New Bank had losses of 980.6 million euros in 2015, justifying more than half of this negative result even with the ‘legacy’ of BES.
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