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BP, Portugal and Novo Banco

· 3d · on MSN

French Lender Groupe BPCE to Buy Portugal’s Novo Banco for $7.4 Billion

Groupe BPCE agreed to buy Portuguese lender Novo Banco from its majority owner Lone Star for 6.4 billion euros ($7.41 billion) in the latest cross-border deal in European banking.The French retail bank on Friday said it signed a memorandum of understanding to buy the 75% stake held in the group by Dallas-based private equity group Lone Star in cash.

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France's BPCE Agrees Deal to Buy Portugal's Novo Banco for $7.4 Billion

France’s BPCE to buy Portugal’s Novo Banco in €6.4bn deal

3d

Lone Star agrees to sell Portugal's Novo Banco to French BPCE for $7.39 billion

U.S. private equity fund Lone Star has agreed to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that ...

12don MSN

Novo Banco's shareholders change bylaws for possible IPO, sources say

Shareholders of Portugal's Novo Banco on Wednesday approved key changes to its bylaws that would allow the lender to go ahead ...

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