Gradually what was once the Banco Espírito Santos will be apart of time. The New Bank announced today that it will sell new Bank Asia to the Well group Link, based in Hong Kong. the new Bank “concluded with” Well Link group Holdings Limited, “a company incorporated in Hong Kong, a purchase and sale agreement of the entire capital of New Bank Asia, “said a statement sent to the Portuguese Securities Market Commission. the completion of the purchase and sale of the New Bank Asia is now dependent on the necessary approvals, including from the Bank Portugal and Macau Monetary Authority. Without revealing the value of the transaction the bank ensures that “the completion of the transaction pursuant now agreed, will have a significant positive impact on the capital ratio Common equity Tier I New Bank “and” represents another important step in the non-strategic asset divestment process “,” continuing the bank to focus its strategy on domestic banking business, “adds the statement. This sale comes after yesterday the financial institution announced the sale of the main assets of Ascendi – a company which is a partner with Mota-Engil construction – by 600 million euros. The New Bank fits a cash inflow of approximately 240 million with the business.
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