U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months.

Novo Banco SA, a Portuguese lender that’s majority-owned by Lone Star, said its planned initial public offering could take place in the second quarter or in the third quarter of this year.

Novo Banco’s birth dates back to mid-2014. Banco Espirito Santo (BKESY) sustained huge losses when Espirito Santo International allegedly defaulted on a debt payment. Banco Espirito Santo is 20% ...

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 ...

Novo Banco lost 1.3 billion euros ($1.37 billion) in 2020, pressured by impairments still linked to assets inherited from BES, but returned to profit in the following three years.

Novo Banco is preparing for a possible initial public offering (IPO), but the exact timing has not been set and will depend on market conditions. The bank's IPO could take place in the second or ...

NOVO BANCO S.A. (XS1034421419) - All master data, key figures and real-time diagram.

Portugal’s Novo Banco has launched a plan to raise $582 million from a bond exchange, as a condition of its takeover by U.S. private-equity firm Lone Star Funds.

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months. Novo Banco ...