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The White House is divided over a major Gulf AI deal, while the UK urges workers to adopt AI to stay competitive, highlighting global tensions and rapid AI advancements.

Lone Star agrees to sell Portugal's Novo Banco to French BPCE for $7.39 billion

Investing.comFriday, June 13, 2025 at 7:25:38 AM
Lone Star agrees to sell Portugal's Novo Banco to French BPCE for $7.39 billion
Texas-based private equity firm Lone Star has struck a deal to sell Portugal’s Novo Banco to France’s BPCE banking group for a hefty €7.39 billion. This marks a major shift in European banking, with BPCE—France’s second-largest bank—expanding its footprint into Portugal. The sale wraps up Lone Star’s rocky seven-year ownership of Novo Banco, which it took over after the bank’s collapse during Portugal’s financial crisis.
Editor’s Note: This isn’t just another corporate sale—it’s a sign of Portugal’s banking sector finally moving past its crisis-era struggles. For BPCE, it’s a strategic play to grow beyond France. And for Lone Star, it’s a chance to cash out after years of restructuring. While the price tag suggests confidence in Novo Banco’s recovery, the real test will be whether BPCE can make the acquisition pay off in the long run.
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