Paris, June 13, 2025 (AFP) - French bank BPCE to buy Portugal's Novo Banco in big eurozone deal

NAMPA / AFP
2025-06-13
French banking group BPCE said Friday it has agreed to buy Portugal's Novo Banco for around 6.4 billion euros ($7.4 billion), calling it the biggest eurozone cross-border acquisition in over a decade. BPCE, a group that includes Banque Populaire and Caisse d'Epargne, said the deal fits within its strategy of expanding in Europe and beyond. Novo Banco, Portugal's fourth biggest bank by assets, posted a net profit of nearly 750 million euros last y......
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