Lone Star Funds' bet on a struggling Portuguese bank nearly a decade ago is about to pay off handsomely, with a ...

The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be ...

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 ...

An illustration of a magnifying glass. An illustration of a magnifying glass.

Shares of banks and other financial institutions fell sharply as an Israeli attack on Iran threw many investors' assumptions into doubt. The Federal Reserve's policy decision next week could be ...

The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking. Lawyers, Auditors to Cough Up Fees After Financial ...

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which ...

Lone Star has agreed to sell its shares in novobanco to BPCE for a cash consideration payable at closing which values 100% of the share capital at an estimated €6.4 billion as of end 2025.

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake ...

Novo Banco’s majority shareholder, Nani Holdings, a unit of private equity firm Lone Star Funds, is selling its 75% stake, in ...