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Novo Banco, Groupe BPCE and Portugal

· 3d · on MSN

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.

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· 3d · on MSN

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

France’s BPCE to buy Portugal’s Novo Banco in €6.4bn deal

The Portugal News3d

Lone Star to sell Novo Banco

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.

Lone Star agrees to sell Portugal's Novo Banco to France's BPCE for €6.4 billion

French banking group BPCE has agreed to buy US private equity fund Lone Star's 75% stake in Novo Banco in a deal that values ...

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