Groupe BPCE agreed to buy Portuguese lender Novo Banco from its majority owner Lone Star for 6.4 billion euros ($7.41 billion) in the latest cross-border deal in European banking.The French retail ...

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 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 ...

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 ...

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance ...

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

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.

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be dragged kicking and screaming — be it the target, a national government, or ...

U.S. private equity firm Lone Star is considering a sale and initial public offering of Novo Banco, Portugal's fourth-largest bank, sources say.

Portugal Probes Ex-Novo Banco Official’s Large Cash Bank Deposit Lisbon-based Novo Banco has been preparing for a possible IPO Private equity firm Lone Star owns majority stake in the bank ...

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% ...

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance ...