Bank of Portugal picks five Novo Banco bidders, sets end-June deadline
April 17, 2015 at 15:22 PM EDT
LISBON, April 17 (Reuters) - The Bank of Portugal has picked five out of seven financial institutions that had made non-binding bids for Novo Banco, the successor to Banco Espirito Santo after a state rescue last year, and will accept binding offers until the end of June.