Lone Star Eyes Novo Banco IPO
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Joaquim Miranda Sarmento news.
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private equity firm Lone StarReuters
•World
World
Portugal says Novo Banco IPO likely to be for stake of up to 30%

78% Informative
U.S. private equity firm Lone Star is likely to sell 25-30% stake in Novo Banco via an IPO , finance minister says.
Finance Minister Joaquim Miranda Sarmento says the government has never been informed about the sale.
Sources say Lone Star , which owns 75% of the bank, is considering a full sale as well as weighing an IPO .
The Portuguese bank was created in 2014 from a bailout of collapsed private bank Banco Espirito Santo .
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