Latest news with #NovoBancoSA
Bloomberg
14 hours ago
- Business
- Bloomberg
Novo Banco Shareholders to Vote on Steps for €1 Billion IPO
Novo Banco SA shareholders will meet on Wednesday to vote on steps needed for a possible initial public offering of the Portuguese lender, although a final decision on whether to carry out a share sale won't be taken yet. The agenda of the June 4 shareholder meeting includes the admission of shares to trading on the stock exchange and the review of the bank's articles of association, a Novo Banco spokesman said. These actions are a 'condition precedent' for the IPO process, but the effectiveness of the resolutions is subject to the final decision of the selling shareholders, according to the spokesman.
Bloomberg
06-05-2025
- Business
- Bloomberg
Lone Star's Novo Banco Aims for Possible IPO in June, CEO Says
Portuguese lender Novo Banco SA is 'well advanced' in drafting a prospectus for a possible initial public offering, which it aims to carry out in June at the earliest, Chief Executive Officer Mark Bourke said. 'We continue to have the same timetable, which is aim for June,' Bourke said in an interview on Tuesday. 'If market conditions are conducive, that's your first window. If not we go to September.'
Bloomberg
07-04-2025
- Business
- Bloomberg
Novo Banco Says It's Continuing to Prepare for a Potential IPO
Novo Banco SA, a Portuguese lender that's majority-owned by Lone Star, said it's continuing to prepare for a possible initial public offering, with no exact timing set yet for a sale. The bank continues to carry out the necessary work in preparation for a potential IPO, with the actual timing depending on market conditions, as previously mentioned, a spokesman for Lisbon-based Novo Banco told Bloomberg News on Monday. Novo Banco is closely monitoring market developments to assess the most appropriate timing for any strategic option, he said.
Bloomberg
06-03-2025
- Business
- Bloomberg
Lone Star's Novo Banco Said to Add More Banks to Lisbon IPO
By and Pablo Mayo Cerqueiro Updated on Save Portuguese lender Novo Banco SA has added more banks to work on a planned initial public offering, according to people familiar with the matter. BNP Paribas SA, Jefferies Financial Group Inc. and Keefe, Bruyette & Woods Inc. have been selected as additional global coordinators for the Lone Star Funds-backed company's IPO, said the people, who asked not to be identified because the matter is private. Novo Banco's IPO could raise €1 billion ($1.1 billion) or more depending on investor demand, according to the people.
Bloomberg
06-03-2025
- Business
- Bloomberg
Novo Banco May Do Its IPO in the Second Quarter at the Earliest
Novo Banco SA, a Portuguese lender that's majority-owned by Lone Star, said its planned initial public offering could take place in the second quarter or in the third quarter of this year. 'If everything falls into place, we get the capital structure optimized, then you could hit the second quarter window,' Novo Banco Chief Executive Officer Mark Bourke said in an interview on Thursday. 'If it takes a bit longer then it could be in the third quarter, which would be after the summer.'
