Lone Star

An estate near Sessimbra in Portugal, which was in the hands of Novobanco, was sold at a knock-down price to the wife of one of the former managers of US firm Lone Star which holds a 75% stake in [...]

If State-owned  bank Caixa Geral de Depósitos buys Novobanco it could have systemic consequences for Portugal’s banking and financial sector warns the Governor of the Bank of Portugal, Mário [...]

Portugal’s Novobanco, in which the State has a minority but substantial shareholding, is encouraging a bid from State-owned bank Caixa Geral de Depósitos in the forthcoming sale or floatation. [...]

The US asset management firm Lone Star that holds the controlling share in Portugal’s Novobanco is said to be “selecting advisors” to explore a possible sale or Initial Public Offer (IPO). [...]