News

Novo Banco Shareholders to Vote on Steps for €1 Billion IPO
Novo Banco SA shareholders will meet on Wednesday to vote on steps needed for a possible initial public offering of the ...
Lone Star agrees to sell Portugal's Novo Banco to France's BPCE for $7.4 billion
LISBON (Reuters) -French banking group BPCE has agreed to buy U.S. private equity fund Lone Star's 75% stake in Novo Banco in ...
Banking’s Mediterranean Deal Flurry Widens With Banco Novo Sale
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 Banker6d
BPCE, CaixaBank bid for Novo Banco as IPO decision nears; Switzerland proposes $26bn capital increase for UBS
The Swiss government on Friday announced plans to tighten capital requirements for UBS, proposing that the bank hold up to $26bn in additional core capital following its state-backed rescue of Credit ...
The Corner4d
Caixabank formally offers to buy Novo Banco, despite Portuguese government’s ‘displeasure’
US fund Lone Star, which owns 75% of Novo Banco, formally received takeover offers from both Caixabank and French banking ...