Novo Banco

Novobanco has put up for sale a number of properties and parcels of land that comprise the luxury resort Vila Verde Resort on the Ilha do Sal in Cape Verde at a value of €90 million, according to [...]

The US ratings agencies say that if the acquisition of Novobanco by French group BPCE is successfully completed, then it will likely increase the bank’s rating. In a note sent to the securities [...]

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 [...]

France’s BPCE group, which has signed a Memorandum of Understanding to purchase Portugal’s Novobanco, has agreed to pay almost 1.7 times of the book value, meaning 70% above the average that [...]

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 [...]

Novobanco is working with consultants to have everything ready for a stock market floatation or IPO (Initial Public Offer) for the second half of this month. That, of course, provided its main [...]

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 US equity fund Lone Star is anxious to resolve the sale or floatation of Novobanco as quickly as possible and is negotiating its possible sale as well as proceeding with preparations for a [...]