Sunday, January 29, 2017

Marques Mendes: Lone Star hereby waive and release any warranty of State to stay with the New Bank – Jornal de Negócios – Portugal

Luís Marques Mendes says that the americans of the Lone Star are willing to give up the requirement of the guarantee of the State that had put in the proposal for the purchase of the New Bank.

“it is said [by the americans of the Lone Star] is available for negotiations drops the requirement of guarantee of the State. If so, is it really a victory for the Government,” said Marques Mendes this Sunday, January 29, in your the space of opinion weekly in the SIC, that the Business publishes entirely online and in your edition of the printed on Monday.

The commentator added that u.s. fund Lone Star is committed to buy the New Bank, which is evident in the fact that if they find the “invest in improving your image” and you already admit “to have some national partners”.

The public endorsement claimed by the Lone Star had purpose to cover the risk associated with some assets of the New Bank, though the u.s. fund if you propose to split the Resolution Fund revenues that could be obtained in the future with this heritage.

When dropping this requirement, the Lone Star you may want to just for you, the income future of the recovery of receivables considered recovery very difficult, as the Business moved forward to January 9.

at This moment there are two candidates for the purchase of the New Bank, both north-american, the Lone Star and a consortium Apollo/Centerbridge. By the way were the chinese of the Misheng, for allegedly not having been able to submitted financial guarantees to support its proposed purchase.

According to the Ministry of Finance, the process of sale of the New Bank moves forward with “enough intensity”.


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