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BPCE, Novo Banco and Portugal

French Lender Groupe BPCE to Buy Portugal’s Novo Banco for $7.4 Billion

The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking.

Reuters on MSN · 20h

France's BPCE agrees deal to buy Portugal's Novo Banco for $7.4 billion

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 Friday.

GlobalData on MSN · 1d

BPCE reportedly in talks to acquire Novo Banco

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

10don MSN

Novo Banco's shareholders change bylaws for possible IPO, sources say

Shareholders of Portugal's Novo Banco on Wednesday approved key changes to its bylaws that would allow the lender to go ahead ...

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 ...

RTÉ Ireland1d

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 ...

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