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Novo Banco, Groupe BPCE and Portugal

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

Groupe BPCE agreed to buy Portuguese lender Novo Banco from its majority owner Lone Star for 6.4 billion euros ($7.41 billion) in the latest cross-border deal in European banking.The French retail bank on Friday said it signed a memorandum of understanding to buy the 75% stake held in the group by Dallas-based private equity group Lone Star in cash.

· 3d · on MSN

France's BPCE agrees deal to buy Portugal's Novo Banco for $7.4 billion

· 3d

BPCE to buy Irish-led Novo Banco in €6.4bn deal

Hosted on MSN1h

BPCE seals $7.4bn deal to acquire Portugal’s Novo Banco

Groupe BPCE has entered a deal to acquire Portuguese lender Novo Banco, valuing the business at €6.4bn ($7.4bn). The ...

11h

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 Corner5d

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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