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BPCE, Portugal and Novo Banco

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 · 19h

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.

Financial Times · 1d

France’s BPCE to buy Portugal’s Novo Banco in €6.4bn deal

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 close.

U.S. News & World Report2d

Lone Star to Sell Portugal's Novo Banco to French BPCE, Report Says

LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal's fourth-largest lender at ...

9don 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 ...

RTÉ Ireland23h

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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