CaixaBank Explores Deal for Lone Star’s Novo Banco

CaixaBank SA is among suitors exploring a potential acquisition of Novo Banco SA, the Portuguese lender backed by Lone Star Funds that is pursuing an initial public offering, according to people familiar with the matter.

The Spanish lender has been holding talks with the buyout firm about a deal for Novo Banco, the people said, asking not to be identified as the information is private. The Portuguese bank could also attract interest from other suitors including French banking group BPCE, the people said.