LISBON, March 7 The sale process of Portugal's
Novo Banco should be concluded in coming weeks after exclusive
negotiations with U.S. private equity firm Lone Star, Finance
Minister Mario Centeno said on Tuesday.
"The expectation that exists is that this process runs its
course in coming weeks," Centeno told journalists. "This is a
natural process which will be concluded in coming weeks."
The Bank of Portugal, which is leading the sale of Novo
Banco, started a final round of negotiations with Lone Star last
month to flesh out the terms of the potential sale of
state-rescued Novo Banco.
(Reporting By Sergio Goncalves, writing by Axel Bugge)