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Novo Banco, Groupe BPCE and Portugal

The Wall Street Journal on MSN · 3d

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

Groupe BPCE agreed to buy Portuguese lender Novo Banco from its majority owner Lone Star for 6.4 billion euros ($7.41 billion) in the latest cross-border deal in European banking.The French retail bank on Friday said it signed a memorandum of understanding to buy the 75% stake held in the group by Dallas-based private equity group Lone Star in cash.

Reuters on MSN · 3d

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 · 3d

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.

7d

Irish-led Novo Banco said to get multiple bids

Novo Banco, the Portuguese bank lead by former AIB chief financial officer Mark Bourke, has attracted two bids from French ...

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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