BANCO ESPIRTO SANTO E (BKESF)

[powerbattles]

Bank of Portugal Receives Four Bids for New Bank

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 rite Santo SA.

New Bank 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, the task That Could prove Difficult Given investor uncertainty Following UK's vote to leave the European Union last week.

The central bank did not name the bidders.

Write to Patricia Kowsmann at [e-mail]


(END) Dow Jones Newswires

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

http://br.advfn.com/noticias/DJN/2016/artigo/71864409