Brief: CTT Says In Talks With Banco CTT In Order To Establish Strategic Partnership At Banco CTT

CTT - Correios de Portugal SA

04/11/2022 07:11

Nov 4 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * SAID ON THURSDAY NEGOTIATIONS HAVE BEEN TAKING PLACE
INVOLVING
CTT AND BANCO CTT WITH A VIEW TO ESTABLISHING THE TERMS AND
CONDITIONS OF A STRATEGIC PARTNERSHIP AT BANCO CTT
    * PARTNERSHIP INVOLVING A SUBSCRIPTION OF A MINORITY
POSITION IN A
CAPITAL INCREASE IN BANCO CTT RESERVED FOR A POTENTIAL PARTNER,
AND A LONGTERM INSURANCE DISTRIBUTION AGREEMENT, COVERING THE
CATEGORIES OF LIFE AND NON-LIFE, AND THE RETAIL NETWORKS, BOTH
AT CTT AND AT BANCO CTT

        
 Source text for Eikon: https://bit.ly/3hazZzo
 Further company coverage:  CTT.LS  
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