SRS and Morais Leitão advise on the sale of EuroBic's capital

«SRS Legal, in a team led by Gabriela Rodrigues Martins and Alexandra Valente, advised a group of Eurobic shareholders on the negotiation of the sale of 57.5 per cent of the bank's capital to Abanca.

On Wednesday 15th November, the Galician bank signed two promissory purchase and sale agreements: one with the group of shareholders led by Fernando Teles that owns 57.5% of EuroBic. This contract, signed in Lisbon, was advised by the law firm led by Pedro Rebelo de Sousa.

Abanca, in turn, was advised by the Morais Leitão team, led by Eduardo Paulino.

Abanca announced this week that it was buying 100 per cent of EuroBic, including Isabel dos Santos' stake.

The value of the deal was not announced but, according to Jornal Económico, it totalled 305 million, of which 175 million correspond to the first block of shares sold by the group. block of shares sold by the group of shareholders holding the majority of the capital. capital.»