Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which ...

The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake ...

Lone Star has signed a memorandum of understanding to sell Novo Banco to French banking group BPCE, in a deal valuing the full share capital of the bank at around €6.4 billion.

Novo Banco SA’s shareholders approved steps needed for a possible initial public offering of the Portuguese lender, which is majority-owned by US private equity firm Lone Star, according to a ...

French bank BPCE has acquired a majority stake in Portuguese lender Novo Banco in a deal that values the business at €6.4bn and brings a chapter of Portugal’s recovery from the Eurozone crisis to a ...

US private equity firm Lone Star owns a 75% stake in Novo Banco, while Portugal’s government holds 25% through entities including the country’s Resolution Fund.

In the latest of a series of cross-border merger dramas, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star.

French lender Groupe BPCE is to take over Portugal's fourth-largest bank Novo Banco for an estimated €4.8bn, snapping up the remaining 75% it doesn't already own.

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake held by U.S. private equity firm Lone Star, BPCE and Lone Star said on ...

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be ...

Novo Banco, which is Portugal's fourth-largest bank and is 75%-owned by U.S. private equity fund Lone Star, in February began preparations for an IPO, but a full sale has not been ruled out. The first ...