The BPI was excluded from the procurement process for the New Bank have offered a very low in your initial offer not binding to the Business Journal. The bank, led by Fernando Ulrich, can still challenge the decision Bank of Portugal .
Business Journal further advances that another entity was deleted after the delivery of the initial offer for the New Bank, without confirming their identity. They keep five institutions now in the race to the New Bank , who were invited by the Bank of Portugal to make final proposals.
Before submitting these proposals, the five candidates remaining to the purchase of the New Bank will examine in more detail the bank inherited the healthy assets after the division of the BES. To this end, to the Business , will have access to detailed and confidential information and can then submit their binding offers, with which comes a commitment to buy the institution currently led by Eduardo da Cunha Stock.
The BPI and the other excluded institution have four days to ask the New Bank to confirm or clarify the decision, and then another ten days to contest, could even go to court.
Business Journal adds that the Bank of China, People’s Bank and BBVA did not binding offers, although they have expressed interest initially in the purchase of the institution.
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