trending Market Intelligence /marketintelligence/en/news-insights/trending/JMHgnugC8e9w6JTReJ7jDg2 content esgSubNav
In This List

Novo Banco completes sale of 36.65% stake in online platform

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


Novo Banco completes sale of 36.65% stake in online platform

Novo Banco SA completed the sale of a 36.65% stake in online sourcing and procurement platform Vortal SGPS SA to Vallis Sustainable Investments I SGPS SA.

The completion of the transaction results in a marginally positive impact on the Portuguese lender's common equity Tier 1 ratio.

The sale reflects Novo Banco's strategy to divest noncore assets while focusing on its core domestic banking activity.