London finance firm seeks to block Portugal Novo Banco sale

Page created: Friday, 21 April 2017 8:56 GMT

Aethel Partners  Lone Star  Novo Banco

A failed bidder for Portugal’s third-largest lender Novo Banco has asked its lawyers to block the 1 billion euro (836.70 billion pounds) sale to U.S. fund Lone Star and told the central bank it should relaunch the bidding.