Novo BancoSA intends to hold discussions with U.S. and U.K. investors asearly as April about a potential share sale, as the bank looks for additionalcapital to cover expected losses from asset sales, the Financial Times reported March 28.

The Portuguese lender has shifted €10 billion of assets intoan internal side bank, and hopes to sell a stake in an Angolan bank, amongother asset disposals, according to the FTreport.

Investors may be concerned about investing in Novo Banco,the good bank carvedout of Banco EspíritoSanto SA, after it transferred some of its bonds to the bad bank, causingsuch debt holders to suffer heavy losses.

JPMorgan Chase is advising Novo Banco, while Deutsche Bankis advising the Banco dePortugal. A share sale could pave the wayfor a full public listing by Portuguese resolution fund-owned Novo Banco, butthe fund is also seeking bidders to acquire the bank outright, according to thenews source.

Portugal reportedly wants Spanish lender to full control of , which could act as aspringboard to merge with Novo Banco. The fund has until August 2017 to sell100% of Novo Banco.

Meanwhile, several banks such as ,Banca Popolare di VicenzaSpA and Veneto BancaSCpA are planning to raise fresh capital, according to FT.