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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.

Hosted on MSN58m

BPCE seals $7.4bn deal to acquire Portugal’s Novo Banco

BPCE will support Novo Banco's aim to become a “leading” financial institution in Portugal, serving individuals, SMEs, ...

12don 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 ...

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