In the energy sector, French firms such as Engie, Neoen, Voltalia, and Akuo are helping drive Portugal’s green transition, particularly in solar power and offshore wind. Engie alone employs over 600 ...

In a statement released on Friday, announcing that it had agreed to purchase the 75% stake in Novo Banco held by Lone Star Funds for an amount equivalent to a valuation of €6.4 billion for 100% of the ...

In the latest of a series of cross-border merger dramas, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star.

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.View on euronew ...

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake held by U.S. private equity firm Lone Star, BPCE and Lone Star said on ...

BPCE signs a Memorandum of Understanding to acquire novobanco, Portugal’s fourth-largest bank Paris, 06 13 2025 Groupe BPCE, the second-largest bank in France1 and the fourth-largest in Europe2, has ...

Lone Star has agreed to sell its shares in novobanco to BPCE for a cash consideration payable at closing which values 100% of the share capital at an estimated €6.4 billion as of end 2025.

Lone Star and the French banking group BPCE agreed on the sale of Novo Banco, for €6.4 billion for 100% of the share capital. In a statement sent to the Portuguese Securities Market Commission (CMVM), ...