Novo Banco puts toxic assets of Luís Filipe Vieira worth 583 million up for salePhoto by Edgar Colomba on Pexels
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Novo Banco puts toxic assets of Luís Filipe Vieira worth 583 million up for sale

CNN Portugal28 August 2026 at 08:14

Novo Banco has put up for sale toxic assets belonging to Luís Filipe Vieira, former president of Benfica, totaling 583 million euros. This operation comes within the framework of the Portuguese bank's management of problematic assets.

Luís Filipe Vieira, who led Benfica for several years, accumulates a significant portfolio of assets considered toxic, which include properties and financial participations. The assets in question are distributed across several locations, reflecting the extent of the former president's wealth.

The value of 583 million represents a substantial portion of the liability associated with Luís Filipe Vieira with Novo Banco. This toxic assets sale is part of the bank's strategy to recover capital and minimize losses.

The operation is being followed with interest by the Portuguese financial market, given the high value involved and the relevance of Luís Filipe Vieira as a figure in sports and business in Portugal.

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