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 signed a Memorandum of Understanding for the acquisition of a 75% equity interest in novobanco from the private equity firm Lone Star Funds. The transaction, representing…
Fri, 13 Jun 2025 07:43:00 GMT 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.
Fri, 13 Jun 2025 03:47:00 GMT The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking.
Wed, 10 Apr 2024 18:15:00 GMT Societe Generale’s Board of Directors, which met on 10 April 2024 under the chairmanship of Lorenzo Bini Smaghi, has approved the signing of a Memorandum of Understanding with Groupe BPCE for ...