Lone Star Funds' bet on a struggling Portuguese bank nearly a decade ago is about to pay off handsomely, with a ...

The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be dragged kicking and screaming — be it the target, a national government, or ...

Baku Energy Week, marking its 30th year, gathers global energy leaders to discuss Azerbaijan’s ambitious renewable targets, ...

Lone Star Funds announced Friday the sale of Portugal’s fourth-largest bank, novobanco, to France's BPCE in a transaction ...

French cooperative banking group BPCE to complete purchase of Portugal's fourth-largest bank in the first half of 2026 ...

On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French banking group BPCE SA in what would be the biggest euro area cross-border ...

Stocks tumbled on Friday (June 13) after Israel launched a wave of airstrikes on Iran, pushing energy prices higher and ...

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which ...

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake ...

Novo Banco’s majority shareholder, Nani Holdings, a unit of private equity firm Lone Star Funds, is selling its 75% stake, in ...