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Novo Banco's Majority Shareholder Signs MoU To Sell Co To BPCE

ReutersJun 13, 2025 7:12 AM
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- Portugal's Novo Banco:

  • MAJORITY SHAREHOLDER, NANI HOLDINGS, SIGNED MEMORANDUM OF UNDERSTANDING FOR SALE OF NOVOBANCO TO BPCE

  • DEAL FOR A CASH CONSIDERATION PAYABLE AT CLOSING WHICH VALUES 100% OF SHARE CAPITAL AT AN ESTIMATED €6.4 BILLION AS OF END 2025

  • CLOSING OF TRANSACTION EXPECTED TO OCCUR DURING H1 2026

  • BPCE WILL PROCEED WITH NECESSARY CONSULTATIONS IN ORDER TO SIGN ACQUISITION CONTRACT

Source text: https://tinyurl.com/5n6d9buf

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