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Reuters – NCG Banco Sells EVO Banco to Apollo

Spain’s nationalised lender NCG Banco said on Monday it has agreed to sell its EVO Banco unit to Apollo Management, writes Reuters. EVO Banco is a network of some 80 branches around Spain, outside the northern region where NCG Banco has its core operation.

Reuters – Spain’s nationalised lender NCG Banco said on Monday it has agreed to sell its EVO Banco unit to United States private equity firm Apollo Management.

EVO Banco is a network of some 80 branches around Spain, outside the northern region where NCG Banco has its core operation. (Reporting by Tomas Cobos; Writing by Fiona Ortiz)