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António Ramalho: ECB has given their green light. The sale of Novo Banco “is close”

Page created: Friday, 6 October 2017 9:41 GMT

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ECB  Novo Banco

António Ramalho, Novo Banco’s CEO, has stated this Wednesday thatthe North-American fund Lone Star has been given the green light by the European Central Bank (ECB) to purchase the transition bank. He believes the operation will be concluded very soon: “The operation is now between buyer and seller, the bank only helps making it possible (…), but the enthusiasm I see in the buyer and the competence I see in the seller will surely assure the sale will be done in a very short time frame”, António Ramalho told Lusa.