The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the ...

Miranda Sarmento said the government had been told by Novo Banco and Lone Star that the U.S. private equity firm wanted to carry out "an IPO of around 25% to 30% of the capital" of the bank.

Novo Banco's core Tier-1 (CET1) capital ratio stood at 20.8% at the end of 2024, more than double the central bank's minimum requirement, but the medium-term target is now between 13% and 13.5% ...

Novo Banco, along with Banco Comercial Portugues, state-owned Caixa Geral de Depositos, Santander Portugal and CaixaBank’s BPI control just under three-quarters of the country’s banking assets.

Portugal's fourth-largest bank Novo Banco wants to remain independent and is targeting an initial public offering (IPO), which should ideally be preceded by the lifting of a ban on dividend ...

Portugal's Novo Banco should be ready to seize the opportunity for an initial public offering when markets open up to listings, as it seeks to remain independent, its new CEO Mark Bourke told ...

Losses at Portugal's Novo Banco widened 25% in 2020 to 1.3 billion euros ($1.5 billion) after provisions for credit and asset risks and the coronavirus pandemic.

LISBON--Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks, the country's ...

LISBON (Reuters) -Novo Banco, Portugal's fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said ...

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance ...

Portugal’s Novo Banco Aims for June IPO, CEO Says Portugal was relatively insulated from global tariff storms and has a positive macroeconomic outlook, the executive added By Elena Vardon Share ...