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BPCE, Novo Banco and Portugal

French Lender Groupe BPCE to Buy Portugal’s Novo Banco for $7.4 Billion

The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking.

Reuters on MSN · 1d

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.

GlobalData on MSN · 1d

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.

Banking’s Mediterranean Deal Flurry Widens With Banco Novo Sale

On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French banking group BPCE SA in what would be the biggest euro area cross-border ...

RTÉ Ireland1d

Lone Star agrees to sell Portugal's Novo Banco to France's BPCE for €6.4 billion

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 ...

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BPCE, Novo Banco and Portugal

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