Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

Lone Star acquired 75% of Novo Banco in 2017 Lone Star has agreed to sell its stake in Novo Banco to BPCE, in a deal that values the bank at an estimated €6.4 billion.

NOVO BANCO S.A. (XS0972653132) - All master data, key figures and real-time diagram.

LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal's fourth-largest lender at ...

LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal's fourth-largest lender at around ...

Novo Banco, the Portuguese bank lead by former AIB chief financial officer Mark Bourke, has attracted two bids from French banking group BPCE and CaixaBank of Spain, according to people familiar ...

Novo Banco SA’s shareholders approved steps needed for a possible initial public offering of the Portuguese lender, which is majority-owned by US private equity firm Lone Star, according to a ...

Investing.com -- The shareholders of Novo Banco SA, a Portuguese bank, have approved measures that could lead to an initial public offering (IPO) of the bank valued at €1 billion, Bloomberg reports.

Novo Banco SA, a Portuguese lender that’s majority-owned by Lone Star, said it’s continuing to prepare for a possible initial public offering, with no exact timing set yet for a sale.

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 ...