Acquisitions

Spanish bank BBVA has decided to press ahead with its Public Acquisition Offer (PAO) in a hostile takeover bid for its rival Sabadell despite the Spanish government’s misgivings. The bank led by [...]

Movers and shakers in Portugal’s financial sector are said to be satisfied with the sale of Novobanco to France’s BPCE Group, considering it “good for the other banks” since it will reduce the [...]

The French banking group BPCE is said to be in the lead to buy Novobanco if the offer is accepted by the US majority shareholder Lone Star that holds 75% of the bank. Although the Spanish bank [...]

Rumours were swirling in Lisbon last week that Novobanco had likely been sold to the French banking group BPCE, but the news was finally confirmed on Friday. An agreement was reached between the [...]

The US equity fund and asset manager Lone Star is said to have received two offers for Novobanco – one from the French group BPCE (Banque Populaire, Caisse d’Epargne, and Natixis [...]

The Sino-Portuguese construction and engineering group Mota-Engil has completed the acquisition of the 50% it didn’t have in the Brazilian construction company Empresa Construtora Brasil (ECB) [...]

If Spain’s CaixaBank snaps up Novobanco and merges it with BPI, it would make the latter the largest clearing bank in Portugal with assets of €83.5Bn, overtaking Millennium bcp which in 2024 had [...]

The Dutch group Conclusion, which bought Novabase’s recruitment business for €51 million, is back with a shopping list in Portugal. The companies services supply company held by private equity [...]

Portugal’s Finances minister, Joaquim Miranda Sarmento has expressed reservations over a possible acquisition bid for Novobanco from Spain’s Caixabank. The minister does not believe it would be a [...]

Médis Serviços de Saúde (Medis Health Services), an Ageas Portugal Group company, has signed an agreement to acquire Fisio Share, a leader in the physiotherapy and rehabilitation medicine areas [...]