News

Novo Banco Shareholders to Vote on Steps for €1 Billion IPO
Novo Banco SA shareholders will meet on Wednesday to vote on steps needed for a possible initial public offering of the ...
RTÉ Ireland3d
Lone Star agrees to sell Portugal's Novo Banco to France's BPCE for €6.4 billion
French banking group BPCE has agreed to buy US private equity fund Lone Star's 75% stake in Novo Banco in a deal that values ...
Banking’s Mediterranean Deal Flurry Widens With Banco Novo Sale
On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French banking group BPCE SA in what would be the biggest euro area cross-border ...
The Corner5d
Caixabank formally offers to buy Novo Banco, despite Portuguese government’s ‘displeasure’
US fund Lone Star, which owns 75% of Novo Banco, formally received takeover offers from both Caixabank and French banking ...