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France's BPCE agrees deal to buy Portugal's Novo Banco for $7.4 billion

Reuters
Summary
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81% Informative

France 's BPCE has agreed a 6.4 billion euros deal to acquire Portugal 's Novo Banco .

The deal includes a 75% stake held by U.S. private equity firm Lone Star .

The acquisition comes amid a wave of cross-border and domestic banking mergers in Europe .

VR Score

91

Informative language

96

Neutral language

73

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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