
French lender BPCE to buy Portugal's Novo Banco in major merger deal
Published on 13/06/2025 - 18:34 GMT+2 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. The offer values the lender at €6.4bn, making the …