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BPCE Group to acquire Portugal's Novo Banco

BPCE Group to acquire Portugal's Novo Banco

A.V.English Section / 16 iunie

France's BPCE Group has agreed to acquire Portugal's fourth-largest bank Novo Banco, including the 75% stake held by U.S. private equity fund Lone Star, in a deal valued at 6.4 billion euros ($7.4 billion), the parties said on Friday, as...

European banks step up mergers and acquisitions

European banks step up mergers and acquisitions

A.V.English Section / 19 februarie

The European banking sector is facing a wave of consolidation, as institutions seek to strengthen their market position, expand their asset base and improve returns, Global Finance Magazine reports. The cited source shows that, with interest...

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