Lone Star's Novo Banco Is Said to Get Bids From BPCE, CaixaBank
Lone Star's Portuguese lender Novo Banco SA attracted two bids from French banking group BPCE and CaixaBank SA of Spain, according to people familiar with the matter.
Besides a sale by Lone Star to one of the two suitors, the alternative of selling Novo Banco shares through an initial public offering continues to be evaluated, said the people, who asked not to be identified as the discussions are private. A preliminary decision on a winning bidder or the IPO route could be made as early as this week, the people said.
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