Vulture fund with an eye on Novo Banco and BCP – Banking & Finance


Punished by a year and a half of pandemic and activity paralysis for several periods, the Portuguese economy is once again on the radar of the so-called vulture funds, which hover over the market looking for deals at bargain prices. And there is a new fund with plans already outlined for Portugal: it is called Fortitude Capital, which wants to spend up to 500 million euros and, among other assets, is targeting Novo Banco and BCP.

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Source: Jornal de Negócios by www.jornaldenegocios.pt.

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