Portugal has agreed to sell a 75 percent stake in state-rescued lender Novo Banco to U.S. private equity firm Lone Star in exchange for a capital injection of 1 billion euros into the institution ...

A failed bidder for Portugal's third-largest lender Novo Banco has asked its lawyers to block the 1 billion euro (836.70 billion pounds) sale to U.S. fund Lone Star and told the central bank it ...

The sources said Novo Banco was worth about 5 billion euros ($5.2 billion). Novo Banco, Portugal's fourth largest bank, was created in 2014 from the Portuguese government's bailout of collapsed ...

In the latest of a series of cross-border merger dramas, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star. The offer values the lender at ...

Portugal’s Novo Banco, the “good bank” rescued from the ruins of Banco Espírito Santo in 2014, is to receive a €1.15bn capital injection from the country’s bank resolution fund after ...

LISBON (Reuters) -Novo Banco, Portugal's fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said ...

“Novo Banco, the government and the Bank of Portugal have not safeguarded the public interest. Taxpayers could end up having to pay another 1.6 billion” to ‘save’ this bank that was meant to have ...

The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the ...

LISBON—Portuguese lender Banco BPI SA said late Tuesday that it will participate in the first round of the bidding process for Novo Banco SA. Novo Banco kept the “good” assets, including ...

Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...

BPCE also in talks to purchase stakes held by government, Resolution Fund Lone Star has reached an agreement with French banking group BPCE for the sale of Novo Banco for Banco Espírito Santo case: ...