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 [...]
Portugal’s main banks CGD, BCP, Novobanco, Santander, BPI and Banco Montepio posted combined net profits of €1.2Bn in the first quarter of 2025. The result was in line with the profits they made [...]
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 [...]
The Spanish bank Caixabank, which in Portugal owns the bank BPI, has hired Deloitte to help it to decide if it will make a move to acquire Portugal’s Novobanco according to the Spanish news [...]
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 [...]
