Novo Banco

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 [...]

If Novobanco were to be sold to a competitor in Portugal (read Caixa Geral de Depósitos or BCP), the competition authority would likely impose “remedies”. This is according to the President of [...]

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 vulture fund Lone Star, which has a 75% share of the capital of Portuguese bank Novobanco, is looking to get a valuation of €5Bn for the financial institution. This figure is the starting [...]

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). [...]