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

The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.

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

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

French cooperative banking group BPCE to complete purchase of Portugal's fourth-largest bank in the first half of 2026 ...

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

French lender Groupe BPCE is to take over Portugal's fourth-largest bank Novo Banco for an estimated €4.8bn, snapping up the remaining 75% it doesn't already own.

Groupe BPCE agreed to buy Novo Banco from majority owner Lone Star in the latest cross-border European banking deal, which values the Portuguese lender at 6.4 billion euros ($7.41 billion).

Lone Star and the French banking group BPCE agreed on the sale of Novo Banco, for €6.4 billion for 100% of the share capital.

French banking group BPCE has emerged as the leading bidder to acquire Portuguese lender Novo Banco SA from Lone Star Funds, ...

--French bank Groupe BPCE is the lead bidder to buy Portugal's Novo Banco, which is majority owned by Dallas-based Lone Star Funds, Bloomberg reports, citing unnamed sources. --Groupe BPCE and Spain's ...