PLMJ advises on the sale of Banco Empresas Montepio

PLMJ advised Banco Montepio Group on the sale of Banco Empresas Montepio to fintech company Rauva for approximately EUR 35 million.

The transaction is subject to the approval of the Bank of Portugal.

The PLMJ team was led by Bruno Ferreira, PLMJ managing partner and member of the Banking and Finance and Capital Markets practices. He was assisted by Tomás Almeida Ribeiro, managing associate in the Corporate M&A practice, André Abrantes, managing associate in the Banking and Finance and Capital Markets practices, Rita Romão, senior associate in the Banking and Finance and Capital Markets practices and David Cuba Topete, associate in the Corporate M&A practice.

PLMJ is also advising the Banco Montepio Group on the transfer of the assets, liabilities, operations and employees of Banco Empresas Montepio to Banco Montepio, which is expected to be completed by the end of the year.