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Novo Banco, Groupe BPCE and Portugal

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.

Reuters on MSN · 1d

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

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake held by U.S. private equity firm Lone Star, BPCE and Lone Star said on Friday.

Financial Times · 1d

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

French bank BPCE has acquired a majority stake in Portuguese lender Novo Banco in a deal that values the business at €6.4bn and brings a chapter of Portugal’s recovery from the Eurozone crisis to a close.

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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 ...

RTÉ Ireland1d

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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Novo Banco, Groupe BPCE and Portugal

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