On Monday 10 July, the European Commission approved the planned acquisition of the Portuguese bank Novo Banco S.A. by the American investment fund Lone Star Funds, judging it compliant with the EU mergers Regulation.
The institution found that the planned acquisition would not hinder competition on the Portuguese banking market, as the two companies are active in different areas. Novo Banco is a commercial and retail bank, whilst Lone Star is a private investment fund active mainly in the...