Novo Banco was created in 2014, carved out of the collapsed Portuguese bank BES after a multi-billion-euro state bailout. Since 2017 Novo Banco has been 75% owned by U.S. private equity Lone Star ...

In a statement on Thursday, the bank, Portugal's fourth largest, said it had received instructions from U.S. private equity fund Lone Star, its biggest shareholder. "Novo Banco will work in ...

(Bloomberg) -- Portuguese state-owned bank Caixa Geral de Depositos SA is analyzing the possible acquisition of Novo Banco SA, a smaller lender that’s preparing an initial public offering.

“Novo Banco will work in coordination with its shareholders on the implementation of the IPO over the coming months,” the Lisbon-based bank said in a regulatory filing on Thursday. US private ...