In a development poised to reshape the Portuguese financial sector, U.S.-based private equity firm Lone Star Funds has reportedly agreed to sell its 75% stake in Novo Banco to France’s Groupe BPCE, one of the largest banking groups in Europe. According to the Portuguese financial news outlet ECO, the transaction would value Novo Banco—Portugal's fourth-largest lender—at approximately €7 billion (≈ $8.14 billion USD).