Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

French banking group BPCE agreed to acquire Lone Star’s Novo Banco, the Portuguese lender led by former AIB chief financial officer (CFO) Mark Bourke, in a deal worth an estimated €6.4 billion ...

Novo Banco, the Portuguese bank lead by former AIB chief financial officer Mark Bourke, has attracted two bids from French banking group BPCE and CaixaBank of Spain, according to people familiar ...

Novo Banco SA’s shareholders approved steps needed for a possible initial public offering of the Portuguese lender, which is majority-owned by US private equity firm Lone Star, according to a ...

Investing.com -- The shareholders of Novo Banco SA, a Portuguese bank, have approved measures that could lead to an initial public offering (IPO) of the bank valued at €1 billion, Bloomberg reports.

LISBON (Reuters) -Shareholders of Portugal's Novo Banco on Wednesday approved key changes to its bylaws that would allow the lender to go ahead with a public listing, according to three sources with ...

Novo Banco SA shareholders will meet on Wednesday to vote on steps needed for a possible initial public offering of the Portuguese lender, although a final decision on whether to carry out a share ...

LISBON (Reuters) -Novo Banco, Portugal’s fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and ...

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance ...

Novo Banco declined to comment. A request for comment has been emailed to Lone Star. Although the top five Portuguese banks control more than 80% of the country's banking assets, analysts see room for ...