Market Chatter: Banco Santander Rules out Interest in Acquiring Novo Banco

MT Newswires Live

02/07

Banco Santander (SAN) is not interested in acquiring Portuguese financial services company Novo Banco from private equity firm Lone Star, Bloomberg reported Friday.

"We don't want to buy Novo Banco," Santander CEO Pedro Castro e Almeida told reporters in Lisbon, Bloomberg reported. "We want to grow organically. We're very profitable."

Santander and Novo Banco did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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We're very profitable.\"</p><p>Santander and Novo Banco did not immediately respond to requests for comment from MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAN.AU","symbol_name":"SAGALIO ENERGY LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509499717","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509499717","pubTimestamp":1738937097,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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