Novobanco again showed interest in acquiring EuroBic, after the end of the restructuring process of the Lone Star bank and after the term of the agreement between Isabel dos Santos, Fernando Teles and other shareholders of EuroBic, under which the Spanish Abanca had been terminated, without the According to Eco, the deal is moving forward.
The CEO, Mark Bourke, had already pointed out the possibility of accelerating the bank’s growth through the acquisition of other companies, but the restructuring plan imposed by Brussels prevented the acquisition of other financial institutions. Abanca was the main interested party in the acquisition of EuroBic and in 2020 the company was about to proceed with the purchase, but the operation was ultimately not completed. The second attempt could have a similar outcome, due to Isabel dos Santos’ legal proceedings.
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Source: DN
