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.

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 ...

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 ...

BPCE’s cash acquisition of Novo Banco would give the French bank a second significant retail market outside France, where it currently operates two major banking groups.

The Novo Banco logo is seen on the facede of its headquarters in Lisbon ·Reuters Sergio Goncalves and Mathieu Rosemain Fri, Jun 13, 2025, 3:22 AM2 min read ...

Lone Star and Novo Banco declined to comment and BPCE did not immediately respond to a request for comment. If confirmed, Lone Star would be abandoning the option of an initial public offering for ...

French banking group BPCE agreed to acquire Lone Star’s Novo Banco, the Portuguese lender led by former AIB chief financial officer (CFO) Mark Bourke, in a deal worth an estimated €6.4 billion ...

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 around ...