BPCE acquires Novo Banco for $7.4bn, enhancing financial sector consolidation in Europe

From Yahoo Finance: 2025-06-16 13:38:00

Groupe BPCE has acquired Novo Banco for €6.4bn ($7.4bn), purchasing a 75% stake from Lone Star. The deal will be finalized in the first half of 2026 after consulting with employee representatives. The Portuguese government will retain a 25% interest. This acquisition aligns with European banking consolidation trends and regulators’ push for a more competitive financial sector. Novo Banco has improved its financial health and digital services, attracting over 35 million clients. BPCE aims to enhance stability and growth for Novo Banco, supporting its goal to become a leading financial institution in Portugal. Lone Star praises Novo Banco’s transformation and believes BPCE is well-positioned to continue its success.



Read more at Yahoo Finance: BPCE seals $7.4bn deal to acquire Portugal’s Novo Banco