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BPCE to buy Irish-led Novo Banco in €6.4bn deal
French banking group BPCE agreed to acquire Lone Star’s Novo Banco, the Portuguese lender led by former AIB chief financial officer (CFO) Mark Bourke, in a deal worth an estimated €6.4 billion in what’s set to be a key cross-border acquisition for Europe.
Raft of Firms Advising on French Banking Group’s €6.4B Deal for Portugal’s Novo Banco
Novo Banco’s majority shareholder, Nani Holdings, a unit of private equity firm Lone Star Funds, is selling its 75% stake, in a deal that would value the Portuguese bank at €6.4 billion, Lone Star said in a press release.
LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal's fourth-largest lender at ...
LISBON (Reuters) -French banking group BPCE has agreed to buy U.S. private equity fund Lone Star's 75% stake in Novo Banco in ...
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