Business

Lone Star agrees to sell Portugal's Novo Banco to French BPCE for $7.39 billion

22588683
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.

SEE MORE

More