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Lone Star plans to sell 25-30% stake in Novo Banco through IPO

Summary by Retail Banker International

US private equity firm Lone Star has indicated to the Portuguese government its plans to sell a 25-30% stake in Novo Banco via an initial public offering (IPO), according to Portugal Finance Minister Joaquim Miranda Sarmento. This move comes as a partial shift from previous considerations by Lone Star, which, as reported by Reuters in September 2024, citing sources, was contemplating a full sale alongside the IPO option. Novo Banco’s valuation i…

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Retail Banker International

Lone Star plans to sell 25-30% stake in Novo Banco through IPO

US private equity firm Lone Star has indicated to the Portuguese government its plans to sell a 25-30% stake in Novo Banco via an initial public offering (IPO), according to Portugal Finance Minister Joaquim Miranda Sarmento. This move comes as a partial shift from previous considerations by Lone Star, which, as reported by Reuters in September 2024, citing sources, was contemplating a full sale alongside the IPO option. Novo Banco’s valuation i…

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Retail Banker International broke the news in 21 days ago on Monday, February 3, 2025.

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