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BANCO ESPÍRITO SANTO, S.A.

(BKESF)
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Banesco USA entered into an agreement to acquire Brickell Bank from Banco Espírito Santo, S.A. (OTCPK:BKES.F)

05/14/2019 EDT

Banesco USA entered into an agreement to acquire Brickell Bank from Banco Espírito Santo, S.A. (OTCPK:BKES.F) on May 14, 2019. At closing of the acquisition, Brickell Bank will be merged into Banesco USA, and the resulting institution will be Banesco USA. The transaction is subject to regulatory approval. On August 20, 2019, the transaction was approved by Federal Deposit Insurance Corporation and the Florida Office of Financial Regulation. Avila Rodriguez Hernandez Mena & Ferri LLP served as legal advisor to Banesco USA and Shutts & Bowen LLP served as legal advisor to Brickell Bank.


© S&P Capital IQ 2019
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Financials
Sales 2020 -256 M -301 M -301 M
Net income 2020 -547 M -642 M -642 M
Net Debt 2020 4 997 M 5 858 M 5 858 M
P/E ratio 2020 -0,01x
Yield 2020 -
Capitalization 2,38 M 2,80 M 2,79 M
EV / Sales 2019 -18,8x
EV / Sales 2020 -19,5x
Nbr of Employees 9
Free-Float 99,6%
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Ana Mendes Martins Secretary
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