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Lone Star Agrees to Sell Portugal's Novo Banco to French BPCE for $7.39 Billion
LISBON (Reuters) -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 evaluates Portugal's fourth-largest lender at 6.4 billion euros ($7.39 billion), BPCE said on Friday.
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French banking group BPCE has agreed to buy US private equity fund Lone Star's 75% stake in Novo Banco in a deal that values ...
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