May 24, 2017 / 4:48 PM / in 2 months

BRIEF-Novo Banco sells 75 pct stake in Asia unit for 145.8 mln euros

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May 24 (Reuters) - Portugal's Novo Banco says in a statement:

* Completes the sale of 75 percent stake in Novo Banco Asia for 145.8 million euros ($162.96 million) to Hong Kong-based Well Link Group Holdings ltd.

* Expects an estimated significant positive impact of 25 to 30 basis points on the Common Equity Tier 1 ratio of Novo Banco.

* The terms and conditions agreed define also put and call options for the remaining 25 percent, exercisable in a term of up to 5 years.

Source text for Eikon: here Further company coverage: [ ] ($1 = 0.8947 euros) (Reporting by Andrei Khalip)

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