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News

Novo Banco, Groupe BPCE and Portugal

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 · 3d · on MSN
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.

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 · 3d · on MSN
French Lender Groupe BPCE to Buy Portugal’s Novo Banco for $7.4 Billion
 · 3d
BPCE to buy Irish-led Novo Banco in €6.4bn deal
17h
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 ...
The Corner
6d
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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