Lone Star Is Said to Make Firm Offer for Portugal’s Novo Banco

  • Central Bank is trying to sell the lender for a second time
  • Bank of Portugal received 4 proposals for Novo Banco in June

Lone Star Funds plans to make a binding offer for Novo Banco SA as Portugal’s central bank tries for a second time to sell the lender, a person with knowledge of the sale said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.