France's BPCE Takes 7% Stake in Banco Sabadell
38 Articles
38 Articles
The Gaul group seeks a position on the board of directors and opens talks for a strategic alliance in corporate banking, consumer finance and international business Banco Sabadell reorganizes its structure to strengthen execution
The BPCE, the second largest French banking group, already has a presence in Portugal through Novobanco and develops equipment leasing and consumer credit businesses in several European countries. With this participation, Sabadell starts with a large European banking partner without the need for a total acquisition.
The French bank BPCE and Banco Sabadell have reached an agreement by which the gala entity has made itself with 7% of the capital of the Catalan firm, while it has undertaken not to exceed 9.99%, as reported in a joint communiqué. 7% is equivalent to about 333,8 million ... Continue reading "BPCE buys 7% of Sabadell for a value of 1.2 billion and undertakes not to exceed 10%"
BPCE has announced that it has acquired 7% of Catalan Sabadell, a position that can be strengthened up to 9.9%. The two banks will now explore opportunities to develop strategic cooperation.
The conglomerate of gala boxes and the Catalan entity will sign commercial agreements in the future
The French bank BPCE and Banco Sabadell have reached an agreement by which the gala entity has made itself with 7% of the capital of the Catalan firm, while it has undertaken not to exceed 9.99%, as reported in a joint communiqué. 7% is equivalent to about 333.8 million shares. According to the price at which the bank’s securities closed this Monday, the share acquired by BPCE is valued at 1,186 million. This figure is a calculation made by Euro…
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