French Lender Groupe BPCE to Buy Portugal’s Novo Banco for $7.4 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2025
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Source: WSJ
Acquisition Announcement: Groupe BPCE has agreed to acquire a 75% stake in Portuguese lender Novo Banco from Lone Star for 6.4 billion euros ($7.41 billion).
Ongoing Negotiations: The French bank is also negotiating with the Portuguese government regarding the remaining 25% stake in Novo Banco.
Analyst Views on BPI
Wall Street analysts forecast BPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BPI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.713
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Current: 30.713
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
