In total, 3.4 billion euros, the majority taxpayers’ money, and only 20 years from now does the state You will see the money again, but only a part.
O It is ready to be sold in the bag and this can happen until June. The state injected 3.4 billion euros and the chairman From the resolution fund says that only 20 years from now will the Novo Banco pay a part of the loan.
BES’s successor is valued between the 4.8 billion and the 6.2 billion euros, according to Evaluation by a Spanish consultant, JB Capital.
American shareholder, Lone Star, holds the new bank through and NANI Holdings, a Empersa who owns 75% of the bank.
The remaining 25% belong to the State through the Resolution Fund and the Treasury Directorate-General.
Saved in 2014, the bank only managed to survive thanks to capital injections of the state.
Bank in the bag until summer?
In total, 3.4 billion euros, the majority taxpayers’ money and only 20 years from now does the state You will see the money again, but only a part.
The 2014 and 2015 loans were made through the contingent capital mechanism, which came to an end last year and thus allows them to unlock dividends of 1,300 million euros and move forward with the initial public offering.
I.e, Put the bank in scholarship until June or September.
Americans want to sell between 25 and 30%
Americans want to sell between 25 and 30%. There has already been said possible acquisition by another national bank, but to the president of the Resolution Fund, heard in Parliament, the competition is the keyword.
Novo Banco workers want management Reserve between 5 e 10% of shares and also ask for a discount to acquire them.
Reuters has done the math and says the New Bank’s public offer will be the largest in Europe this year and the largest in Portugal in recent times.
