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

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 ...

The wave of bank acquisitions washing over Southern Europe has reached Portugal. On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA ...

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

The purchase of Novo Banco by BPCE marks the French group’s entry into retail banking in Portugal, where it already operates in consumer credit and investment banking through Banco Primus, Oney and ...

June 17, 2025 Sign in Subscribe Search ...

The Portuguese authorities expressed their “displeasure” at the possibility of Caixabank, already with a significant presence in Portugal (after the acquisition of BPI in 2018), acquiring Novo Banco.

Lone Star Funds' bet on a struggling Portuguese bank nearly a decade ago is about to pay off handsomely, with a ...