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France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake ...
The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.
Retail Banker International on MSN20d
BPCE reportedly in talks to acquire Novo Banco
Lone Star Funds owns 75% of Novo Banco, with the Portuguese government holding a 25% stake through various entities.
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.
Portugal's Novo Banco said its lawyers were studying a ruling by a Lisbon court that Venezuela claims unblocks around $1.5 billion in Venezuelan state assets being held by the bank.
Novo Banco's core Tier-1 (CET1) capital ratio stood at 20.8% at the end of 2024, more than double the central bank's minimum requirement, but the medium-term target is now between 13% and 13.5% ...
Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...
Novo Banco’s delay is part of a much larger conflict the bank has with the Venezuelan government. Starting in early 2019, after opposition lawmaker Juan Guaidó declared himself the country’s ...
Novo Banco, the "good bank" being carved out of Portugal's troubled lender Banco Espirito Santo (BES.LS), has started with assets worth 59.6 billion euros (47.19 billion pounds), Novo Banco said ...
Novo Banco is getting ready to list on Lisbon’s stock exchange next month despite the unsteadiness in global markets fueled by trade war concerns. The Portuguese lender, which has been preparing ...
Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.