Brief: BPCE Buys About 7% Stake In Banco Sabadell
BRIEF-BPCE Buys About 7% Stake In Banco Sabadell Oct 6 (Reuters) - 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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