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SAB — Banco de Sabadell News Story

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Brief: BPCE Buys About 7% Stake In Banco Sabadell

BRIEF-BPCE Buys About 7% Stake In Banco Sabadell

- Banco de Sabadell, S.A. SABE.MC:

  • BPCE BUYS ABOUT 7% STAKE IN BANCO SABADELL

  • BPCE DOES NOT INTEND FOR ITS SHAREHOLDING IN SABADELL TO EXCEED 9.9%

  • BPCE INTENDS TO BE REPRESENTED ON BOARD OF DIRECTORS OF BANCO SABADELL

  • BOTH PARTIES TO EXPLORE STRATEGIC COOPERATION, IN PARTICULAR IN CORPORATE, INVESTMENT BANKING, EQUIPMENT LEASING, CONSUMER CREDIT, CROSS-BORDER CLIENTS BUSINESS

  • DISCUSSIONS ABOUT BUSINESS COOPERATION EXPECTED TO CONCLUDE IN EARLY 2027

Source text

Further company coverage: SABE.MC


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com;))

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