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Novo Banco, Groupe BPCE and Portugal

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.

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.

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.

16h

European bank M&A is hard, but sometimes stars align

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be dragged kicking and screaming — be it the target, a national government, or ...

3don MSN

Lone Star agrees to sell Portugal's Novo Banco to France's BPCE for $7.4 billion

LISBON (Reuters) -French banking group BPCE has agreed to buy U.S. private equity fund Lone Star's 75% stake in Novo Banco in ...

The Corner5d

Caixabank formally offers to buy Novo Banco, despite Portuguese government’s ‘displeasure’

US fund Lone Star, which owns 75% of Novo Banco, formally received takeover offers from both Caixabank and French banking ...

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