Lone Star

The US fund Lone Star is to distribute bonuses of around €1.1Bn to directors involved in the sale of Novobanco. They will get the bonus as soon as the €6.4Bn sale deal to French banking group [...]

The US equity fund and asset manager Lone Star is said to have received two offers for Novobanco – one from the French group BPCE (Banque Populaire, Caisse d’Epargne, and Natixis [...]

The US equity fund Lone Star is anxious to resolve the sale or floatation of Novobanco as quickly as possible and is negotiating its possible sale as well as proceeding with preparations for a [...]

Novobanco is to reduce its capital by €1.1Bn and will pay it out as dividends to its shareholders that will receive €2.2 per share with the main shareholder Lone Star (75%) netting €825 million. [...]

An estate near Sessimbra in Portugal, which was in the hands of Novobanco, was sold at a knock-down price to the wife of one of the former managers of US firm Lone Star which holds a 75% stake in [...]

If State-owned  bank Caixa Geral de Depósitos buys Novobanco it could have systemic consequences for Portugal’s banking and financial sector warns the Governor of the Bank of Portugal, Mário [...]

Portugal’s Novobanco, in which the State has a minority but substantial shareholding, is encouraging a bid from State-owned bank Caixa Geral de Depósitos in the forthcoming sale or floatation. [...]

The US asset management firm Lone Star that holds the controlling share in Portugal’s Novobanco is said to be “selecting advisors” to explore a possible sale or Initial Public Offer (IPO). [...]