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Thursday, November 17, 2016 12:37:32 PM
Weighing on the sale is also a series of court challenges related to the resolution of Banco Espírito Santo. On Friday, Novo Banco had a partial win in one case involving an $835 million loan from Oak Finance Luxembourg SA, a vehicle arranged by Goldman Sachs Group Inc., to Banco Espírito Santo. When the lender collapsed, Bank of Portugal said it would move the loan to Novo Banco, but it later backtracked and said the loan belonged to the “bad bank.”
http://www.wsj.com/articles/portugal-receives-bids-for-novo-banco-sa-1478291452
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