
Cuatrecasas lawyers advised the Portuguese bank Novo Banco on selling the majority of its subsidiary’s business in Spain to Abanca. According to the information published by the parties, thanks to this transaction, Abanca will acquire an additional business volume of €4.3 billion, and Novo Banco significantly improves its capital position and its balance sheet structure.
The Cuatrecasas advisory team handling this transaction, whose closure is subject to the approval of the corresponding regulatory authorizations, was led by partners Fernando Minguez and Paulo Costa Martins, with the help of associate Carlota Tojo.
Indicate your preferences to receive email alerts on specific areas of interest
Let us know your interests and how often you wish to receive our legal alerts:
Choose areas of interestWe use our own cookies and third-party analytics technologies to identify your browsing habits and be able to offer our contents based on your interests, while improving your security. For more information, select "more information" to access our Cookies policy to enable or disable cookies at any time.
More information