CGD quits the net buiz

The Portuguese State owned Bank Caixa Geral De Depósitos (CGD) is going to dissolve its Internet based holding that was created in 2000 integrating seven portals. According to the newspaper Publico, during the lost three yeas the holding has accumulated a loss of 6.9 million euros. The Bank CGD will now look fore the best options available for each holding taking in account their financial condition.

Tags: Portugal, Portuguese, State, Bank, Caixa, Internet, Euros, million, Portals