US Edition6 Articles
6 Articles
According to the Bloomberg agency, Lone Star will have two offers from the Portuguese bank — the Boxabank and the French BPCE — and may have a preliminary decision this week on whom the bag is sold or if the bag is preferred.
Lone Star eyes Novo Banco exit as BPCE and CaixaBank submit bids
Private equity firm Lone Star is nearing a long-anticipated exit from Novo Banco, its Portuguese banking asset, with French lender BPCE and Spain’s CaixaBank emerging as final bidders, according to a report by Bloomberg citing unnamed sources familiar with the matter. The sale process – managed by Deutsche Bank – is progressing in parallel with an IPO option still under active consideration. A preliminary decision between the strategic sale and …
Lone Star's Portuguese bank, Novo Banco, would have received two offers of purchase from CaixaBank and the French banking group BPCE, according to familiar people...
Despite the two proposals, a op or entry into box n o o is excluded from it, before Bloomberg. You decide whether or not you can still be taken this week.
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