Banking’s Mediterranean Deal Flurry Widens With Banco Novo Sale The wave of bank acquisitions washing over Southern Europe has reached Portugal.

The wave of bank acquisitions washing over Southern Europe has reached Portugal. On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French ...

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

In the latest of a series of cross-border merger dramas, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star. The offer values the lender at €6.4bn, ...

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 ...

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.

Groupe BPCE to Buy 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.