L'eredita' di Espirito Santo, i bond Novo Banco e Gama Life

Novo Banco Shareholders Approve Step for Possible €1 Billion IPO (BBG)

  • Novo Banco SA's shareholders have approved steps necessary for a possible initial public offering (IPO) of the Portuguese lender.
  • The bank's majority owner, Lone Star, is considering an IPO as well as a full sale of Novo Banco, with a potential IPO stake sale of 25-30% and a possible valuation of €5.5-7 billion.
  • Novo Banco has made progress in preparing for an IPO, with a prospectus draft underway and a potential listing in June, following its first profit in 2021 and growth in net interest income.
 

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