(Adds context and details)
LISBON, May 10 (Reuters) - Portugal’s largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday.
This will be CGD’s second attempt to sell its Brazilian lender after rejecting three binding offers at the end of 2019 because it said they did not reflect the real value of the bank.
Banco Caixa Geral-Brasil bank, which mainly serves corporate customers, held assets worth 1.35 billion reais ($256 million) at the end of 2020.
“BCG Brazil has continued to reconfigure and rationalise its structure and operations in 2020, and it has become evident that this is the opportune moment to test the market again, with the view of completing its sale,” Cary said in an emailed statement.
Share
Ant and Dec appeared to have dressed up like Jawas who were a species of meter-tall humanoids in the film that wore long brown capes.
The pair captioned the funny snap: May the 4th be with Chew! #maythe4thbewithyou photo taken in a pre covid world in a galaxy far, far away.
Playful: The pair captioned the funny snap: May the 4th be with Chew! #maythe4thbewithyou photo taken in a pre covid world in a galaxy far, far away.
It comes after it was announced that Ant and Dec have partnered with youth charity The Prince s Trust to help people develop skills for the media industry and find jobs.
Presenters Ant and Dec and Philip Schofield invested millions for luxury holiday homes in the Algarve in 2015. The company went bust and an appeal to stop sale of the resort was refused.
Ant and Dec are set to lose millions after villa resort goes bust.
The popular television duo, as well as Phillip Schofield, will miss out on the millions they invested into buying homes in Portugal’s Algarve after the development firm Birchview went bust.
Birchview – who was building the villa resort in Quinta do Lago – sold the lavish complex to Brazilian financial firm SRESPX after going bust, and this week a Portuguese court refused an appeal to block the sale, meaning the TV trio are set to lose the money they paid for their properties.
Ant and Dec, both 45, are said to have put down £3.1 million each into neighbouring properties, whilst ‘This Morning’ host Phillip, 59, will lose the £2 million he paid for his own lavish pad.
Telly stars Ant and Dec and Phillip Schofield will lose £8m after villa resort goes bust
Exclusive
Updated: Apr 26 2021, 15:56 ET
TELLY stars Ant and Dec and Phillip Schofield will lose £8million after a villa resort went bust.
A court has ruled the trio will not get any compo for the holiday homes hell.
3
3
The luxury villa bought by Declan Donnelly in the complex in the AlgarveCredit: Solarpix
Saturday Night Takeaway pair Ant and Dec, both 45, were buying next door homes and were holidaying at the complex when a bank pulled the plug.
This Morning host Phillip, 59, was also buying a pad nearby at The Keys on Portugal’s Algarve.