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.

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 ...

Novo Banco SA, a Portuguese lender that’s majority-owned by Lone Star, said its planned initial public offering could take place in the second quarter or in the third quarter of this year.

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

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 ...

Novo Banco lost 1.3 billion euros ($1.37 billion) in 2020, pressured by impairments still linked to assets inherited from BES, but returned to profit in the following three years.

Novo Banco SA shareholders will meet on Wednesday to vote on steps needed for a possible initial public offering of the Portuguese lender, although a final decision on whether to carry out a share ...

Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...

Novo Banco, the Portuguese bank lead by former AIB chief financial officer Mark Bourke, has attracted two bids from French banking group BPCE and CaixaBank of Spain, according to people familiar ...

Novo Banco, the "good bank" created from troubled Portuguese lender Banco Espirito Santo (BES) names Eduardo Stock da Cunha its new chief executive.

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.

Novo Banco, the lender created out of the failure of Portugal’s Banco Espírito Santo (BES) in 2014, raised €400m of risky subordinated Tier 2 bonds at a yield of 8.5 per cent on Friday, ...