Novo Banco

That’s according to the US ratings agency Standard & Poors that forecasts the floatation of the decade could double the value of the largest transaction so far over the past five years. “The [...]

The volatility in the market caused by US tariffs at the start of April has not dissuaded Novobanco shareholders and directors from pressing ahead with a planned Initial Public Offering (IPO) for [...]

Novobanco is to reduce its capital by €1.1Bn and will pay it out as dividends to its shareholders that will receive €2.2 per share with the main shareholder Lone Star (75%) netting €825 million. [...]

Portuguese bank Novobanco, which was planning to float the bank’s capital on the Euronext Lisbon stock market in May, has been advised by analysts to put off the Initial Public Offering (IPO) [...]

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 [...]

A new valuation of Novobanco, this time by JB Capital, has upped the bank’s value to as much as €7Bn at the top end of the value scale. The Portuguese bank is currently being prepared for an [...]

The president of Portuguese bank BPI, João Pedro Oliveira said in an interview this week that if Caixa Geral de depósitos purchases all or even part of Novobanco, it would be tantamount to a [...]

The Governor of the Bank of Portugal (BoP), Mário Centeno, is in favour of the dispersal of Novobanco’s capital on the Euronext Lisbon stock exchange. Novobanco is preparing an IPO (Initial [...]

The President of Euronext Lisbon believes that Novobanco has an “interesting” level of liquidity making it eminently suitable for an IPO. Isabel Ucha says she is optimistic about the possibility [...]

It seems it is decided. Novobanco is now not likely to be sold or merged with another bank, either national or international. Instead, Lone Star, the US asset management fund that is the bank’s [...]