{
Banco Espírito Santo, S.A.

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001122334455554433221100
001122334455554433221100

lone star plans 25 to 30 percent stake sale in novo banco

Lone Star is likely to sell a 25-30% stake in Novo Banco through an IPO, rather than pursuing a full sale, according to Portugal's Finance Minister. The bank, valued at approximately €5 billion, was established in 2014 following a government bailout of Banco Espirito Santo. Lone Star has held its 75% stake since 2017, with the government confirming it has not been informed of any plans for a complete divestment.
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Euro CaixaBank GIF Iberia R Banco Espírito Santo, S.A. PRT ESP Mark Potter Paulo Macedo Joaquim Miranda Sarmento Sergio Goncalves Show more
Business & Industry, News Article
17:10 31.01.2025
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