BANCO ESPIRTO SANTO E (BKESF)

[Penny Stocks 2.0]

Bank of Portugal Receives Four Bids for Novo Banco

Source: Dow Jones News

LISBON—Portugal's central bank said Thursday that it received four bids for Novo Banco SA, the good bank created out of the collapse of Banco Espí rito Santo SA.

Novo Banco was put on the block last year, but its sale was shelved in September over price disagreements.

Bank of Portugal said in a statement that it now will decide whether to sell the bank to a bidder or through the market, a task that could prove difficult given investor uncertainty following U.K.'s vote to leave the European Union last week.

The central bank didn't name the bidders.

Write to Patricia Kowsmann at [e-mail]

(END) Dow Jones Newswires

June 30, 2016 15:35 ET (19:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.