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 ...

Novo Banco, Portugal's fourth largest bank, was created in 2014 from the Portuguese government's bailout of collapsed private bank Banco Espirito Santo.

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 ...

Portuguese lender Banco BPI said that it will participate in the first round of the bidding process for Novo Banco SA.

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 ...

Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its ...

LISBON—Portugal’s central bank said Friday that it has received five offers for Novo Banco SA, the lender that emerged from the collapse of Banco Espírito Santo SA in 2014 and was supposed to ...

Portugal's fourth-largest lender Novo Banco, which is preparing for an initial public offering, said on Tuesday its first-quarter net profit fell 1.9% to 177.2 million euros ($200.5 million) due ...

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 ...