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 ...

The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to ...

Novo Banco was created in 2014 from the Portuguese government's bailout of collapsed private bank Banco Espirito Santo (BES). Since 2017 it has been 75%-owned by Lone Star, with the Portuguese ...

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

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months. Novo Banco ...

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.

The Dallas Business Journal C-Suite awards program will honor CEOs, CFOs, COOs, CIOs and CTOs in the region for their ...

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

Novo Banco was created in 2014 after the multibillion euro state bailout and breakup of ... The Portuguese government retains 25% of Novo Banco, while private equity group Lone Star has held a 75% ...

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

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.

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months.