"With this agreement, Novo Banco divests its retail, private banking and small and medium-sized enterprises (SME) operations in Spain, including all 10 branches and employees," Novo Banco said in a statement, without disclosing the sale price.
"This transaction is an important milestone in Novo Banco's strategy to divest its non-core assets and operations," it said in a statement.
Chikoo, a new ecommerce tool enables businesses to start selling online, through this partnership both companies will work together to co-market and co-sell the Chikoo platform to affiliates of both companies to help them get their store online in under 3 minutes.