BPCE Acquires New Bank Portugal from Lone Star
- In a significant move toward European banking consolidation, French bank BPCE has secured a majority stake in Portuguese lender Novo Banco.
- BPCE acquired the 75% stake from U.S.private equity firm Lone Star.
- The acquisition of Novo Banco, Portugal's fourth-largest bank, follows BPCE's recent string of acquisitions, including the tie-up of its asset management arm Natixis with Italian insurer Generali and...
French banking giant BPCE has finalized the acquisition of a majority stake in Portugal’s Novo Banco in a landmark European banking deal. Valued at €6.4 billion,this transaction marks a significant step in European banking consolidation,with BPCE purchasing a 75% stake from Lone Star. Discussions are ongoing to acquire the remaining shares, further cementing BPCE’s expansion strategy.This strategic move, part of BPCE’s focused growth, follows recent acquisitions and underscores their commitment to the European market. News directory 3 reports on the dynamic shifts in global finance, bringing you the latest developments as they occur.Discover how this acquisition might reshape the competitive landscape and what it means for the future.
BPCE Acquires Novo Banco in Major european Banking Deal
Updated June 13, 2025
In a significant move toward European banking consolidation, French bank BPCE has secured a majority stake in Portuguese lender Novo Banco. The deal, valuing Novo Banco at €6.4 billion, represents one of the largest recent cross-border banking transactions in Europe.
BPCE acquired the 75% stake from U.S.private equity firm Lone Star. Discussions are underway with the Portuguese government to potentially purchase the remaining 25% of the business, further solidifying BPCE’s position in the European market.
The acquisition of Novo Banco, Portugal’s fourth-largest bank, follows BPCE’s recent string of acquisitions, including the tie-up of its asset management arm Natixis with Italian insurer Generali and the acquisition of Société Générale’s leasing business last year. lone Star had also considered a public listing of Novo Banco.
“This is the biggest operation carried out in Europe for 10 years. This project is about European banking consolidation and creating players that can finance the European economy,” Nicolas Namias, BPCE’s chief executive, said.
Namias added that BPCE will finance the acquisition with its own funds, maintaining a common equity tier one ratio of 15% following the deal’s completion. This strategic acquisition underscores BPCE’s commitment to strengthening its presence in the European banking sector and supporting the European economy.
What’s next
With the acquisition of Novo Banco, BPCE is poised to further expand its reach and influence in the European banking landscape, potentially leading to increased competition and innovation in the financial sector.