Groupe BPCE agreed to buy Novo Banco from majority owner Lone Star in the latest cross-border European banking deal, which values the Portuguese lender at 6.4 billion euros ($7.41 billion).

The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the ...

Novo Banco is getting ready to list on Lisbon’s stock exchange next month despite the unsteadiness in global markets fueled by trade war concerns. The Portuguese lender, which has been preparing ...

Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.

Portugal's Novo Banco has begun preparations for an initial public offering (IPO) that could be one of the largest in Europe this year, tapping into a surge in enthusiasm for listings as indexes ...

Portugal's fourth-largest bank, Novo Banco, reported a near 1% drop in first-half net profit on Thursday as higher impairments and provisions countered a robust rise in interest income, while it ...

Novo Banco SA Chief Executive Officer Mark Bourke said he’s making sure the Portuguese lender is prepared for an initial public offering in case that’s the path picked by majority shareholder ...

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 said ...

Novo Banco, the "good bank" being carved out of Portugal's troubled lender Banco Espirito Santo (BES.LS), has started with assets worth 59.6 billion euros (47.19 billion pounds), Novo Banco said ...

Novo Banco lost 1.3 billion euros ($1.37 billion) in 2020, pressured by impairments still linked to assets inherited from BES, but returned to profit in the following three years. 3rd party Ad.