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. “We are analyzing ...

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 ...

“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 ...