EC gives Lone Star the go-ahead for Novo Banco acquisition

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EC gives Lone Star the go-ahead for Novo Banco acquisition

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European flags in front of headquarters of European commission in Brussels in summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

The European Commission said on Monday that private equity firm Lone Star Fund’s planned acquisition of Novo Banco, the Portuguese financial institution, was in line with the European Union’s merger regulations.

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