Alphavalue / Divacons | US fund Lone Star, which owns 75% of Novo Banco, formally received takeover offers from both Caixabank and French banking group BPCE. In addition to the buyout offers, Lone ...

Novo Nordisk has taken initiatives to accelerate target discovery by implementing AI/ML technologies into genetic and human-centric in vitro models. Given the significant costs associated with drug ...

The Dallas-based private equity firm has been working with Citi and Jefferies on a yet unlaunched sale process.

The move marks a significant step as governments across Europe move to unload their crisis-era bailout positions.

In a statement released on Friday, announcing that it had agreed to purchase the 75% stake in Novo Banco held by Lone Star Funds for an amount equivalent to a valuation of €6.4 billion for 100% of the ...

The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.

Novo was originally expecting the trial to show 25%-plus weight loss in participants (compared to 15% with Wegovy). However, they “only” hit 22.7%. As a result, the share price dropped by 19%.

BPCE’s €6.4bn acquisition of Portuguese lender Novo Banco is that rare case: a bank tie-up that pleases almost everyone.

On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French banking group BPCE SA in what would be the biggest euro area cross-border ...