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javier marin

November 4, 2014

Spanish family-owned banking group Santander has expressed an interest in acquiring Novo Banco, the Portuguese lender introduced to rescue assets from the failed Espirito Santo banking dynasty. 

Spanish family-owned banking group Santander has expressed an interest in acquiring Novo Banco, the Portuguese lender introduced to rescue assets from the failed Espirito Santo banking dynasty.

According to Bloomberg, Santander’s chief executive Javier Marin told local reporters that the family firm would consider acquiring Novo Banco once a forthcoming audit gave a clearer picture of its current standing.

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