In the MoU, the Portuguese authorities committed to ‘launching a process to sell Banco Português de Negócios (BPN) on an accelerated schedule and without a minimum price. To this end, a new plan is submitted to the EC for approval under competition rules. The target is to find a buyer by end-July 2011 at the latest. To facilitate the sale, the three existing special purpose vehicles holding its non-performing and non-core assets have been separated from BPN, and more assets could be transferred into these vehicles as part of the negotiations with prospective buyers. BPN is also launching another program of more ambitious cost cutting measures with a view to increase its attractiveness to investors. Once a solution has been found, CGD’s state guaranteed claims on BPN and all related special purpose vehicles will be taken over by the state according to a timetable to be defined at that time’ [24].
Portugali ametiasutused kohustusid vastastikuse mõistmise memorandumis „käivitama Banco Português de Negóciose (BPN) müügiprotsessi kiirendatud ajakava alusel ja ilma miinimumhinnata. Selleks esitatakse komisjonile konkurentsieeskirjade alusel heakskiitmiseks uus kava. Eesmärk on leida ostja hiljemalt 2011. aasta juuli lõpuks. Müügi hõlbustamiseks on BPNist eraldatud kolm olemasolevat eriotstarbelist äriühingut, millele kuuluvad BPNi probleemsed ja põhitegevusega mitteseotud varad, ning võimalike ostjatega peetavate läbirääkimiste tulemusena võib nendesse äriühingutesse kanda veelgi vara.