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BPCE signs an agreement with the State and the Portuguese Resolution Fund to become a 100% shareholder of novobanco.

7 November 2025

#BPCE | After signing the acquisition of 75% of the capital of novobanco from Lone Star Funds on August 1, 2025, the BPCE Group, the fourth largest banking player in Europe, today signed an agreement with the Portuguese state and...
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BPCE signs an agreement with the State and the Portuguese Resolution Fund to become a 100% shareholder of novobanco.

7 November 2025

#BPCE | After signing the acquisition of 75% of the capital of novobanco from Lone Star Funds on August 1, 2025, the BPCE Group, the fourth largest banking player in Europe, today signed an agreement with the Portuguese state and the Portuguese Bank Resolution Fund to acquire their minority stakes (11.5% and 13.5%, respectively) in the capital of novobanco for a total cash amount of around €1.6 billion. By purchasing this 25% stake, BPCE would become the sole shareholder of the fourth largest bank in Portugal.

This operation represents the largest cross-border banking acquisition in the eurozone in the last decade. It marks a new step in the execution of the BPCE Group's strategic project "Vision 2030," which aims to develop and diversify in France, Europe, and worldwide.