PremiumBanks lose 110 million euros with nationalization of Efacec

Estado intends to maintain the sale process, taking advantage of the interests expressed in the current competition, but in the context of a reprivatisation.

The nationalization of Efacec, announced yesterday by the Government, puts at risk the approximately 110 million euros of credits that a group of banks granted to Winterfell, a company owned by Isabel dos Santos, for the purchase of a 71,73% stake in the company Portuguese.

In the list of banks that financed the purchase of Efacec, with the shares as attachment, are Banco Montepio, BIC Angola and BPI, with the largest share. And also CGD, Millennium bcp and Novo Banco, but with less exposure. This credit should already be provisioned by most banks. The amounts in question are lost immediately, but a source linked to the process admits that nationalization may create compensation for banks that have the pledge of shares according to the amount that is attributed to companies.

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