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Re: pennypauly post# 36

Tuesday, 07/05/2016 6:20:20 PM

Tuesday, July 05, 2016 6:20:20 PM

Post# of 375
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 Espírito Santo SA.

So why the interest in old Banco Espirito Santo stock? It's the "bad bank". Novo Banco is a new and different entity.