Groupe BPCE agreed to buy Portuguese lender Novo Banco from its majority owner Lone Star for 6.4 billion euros ($7.41 billion ...

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

LISBON (Reuters) -U.S. private equity fund Lone Star has agreed to sell its 75% stake in Novo Banco to French banking group ...

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

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

Lone Star Funds owns 75% of Novo Banco, with the Portuguese government holding a 25% stake through various entities.

Lone Star and the French banking group BPCE agreed on the sale of Novo Banco, for €6.4 billion for 100% of the share capital.

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 ...

French banking group BPCE has emerged as the leading bidder to acquire Portuguese lender Novo Banco SA from Lone Star Funds, ...

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 ...

U.S. private equity fund Lone Star has agreed to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that ...

Lone Star Funds has agreed to sell Portugal's fourth largest bank, Novo Banco, to European banking business BPCE in a deal ...