LISBON (Reuters) - U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a ...

The Novo Banco logo is seen on the facede of its headquarters in Lisbon, Portugal March 31, 2017. REUTERS/Pedro Nunes/File Photo.

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months.

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.

Novo Banco was created in 2014 from the Portuguese government's bailout of collapsed private bank BES. Since 2017 Novo Banco has been 75%-owned by U.S. private equity Lone Star, ...

By Sergio Goncalves and Mathieu Rosemain. LISBON/PARIS (Reuters) -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 ...