LISBON, Nov 27 (Reuters) - Finance Minister Joao Leao said on Friday Portugal would comply with all its commitments related to Novo Banco after opposition parties blocked an injection of 476 million euros ($567.53 million) into the lender’s capital in next year’s budget.
“Portugal will meet, as it has always done, its commitments assumed regarding Novo Banco,” Leao said in a short statement sent to Reuters without providing further details.
Novo Banco is controlled by U.S. private equity firm Lone Star. ($1 = 0.8387 euros) (Reporting by Sergio Goncalves, Editing by Andrei Khalip)
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