France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake ...

LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group ...

French banking group BPCE has agreed to buy US private equity fund Lone Star's 75% stake in Novo Banco in a deal that values ...

BPCE signs a Memorandum of Understanding to acquire novobanco, Portugal's fourth-largest bank ...

French banking group BPCE agreed to acquire Lone Star’s Novo Banco, the Portuguese lender led by former AIB chief financial ...

French bank BPCE has acquired a majority stake in Portuguese lender Novo Banco in a deal that values the business at €6.4bn and brings a chapter of Portugal’s recovery from the Eurozone crisis to a ...

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be ...

Lone Star Funds owns 75% of Novo Banco, with the Portuguese government holding a 25% stake through various entities.

BPCE already has a small consumer credit operation in Portugal and its subsidiary Natixis has a technology centre handling IT services and back office for the whole group. As of March, Novo Banco ...