“As no agreement was reached, the Bank of Portugal decided on Tuesday to terminate those negotiations and invite to the phase 4 negotiations the potential buyer who was ranked second in the previous phase to present a qualified bid”, the supervisor said.
The Bank of Portugal said that there is still a third potential buyer, but did not mention any of the names of the bidders for Novo Banco. The press have been saying the first potential buyer was Chinese insurance company Anbang.