BPCE Acquires 7% Stake in Spanish Lender Sabadell
French banking group BPCE has acquired a stake of approximately 7% in Spanish lender Sabadell through market purchases and financial instruments, with intentions to become a long-term shareholder.
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05:38:17 AM UTC
SquawkNews
BPCE and Banco Sabadell announce BPCE’s friendly acquisition of a participation in Banco Sabadell and their intention to explore strategic cooperationSabadell and Paris, 6 October 2026BPCE has acquired a stake equivalent to approximately 7% of the share capital of Banco de Sabadell, S.A. (“Sabadell…
05:38:43 AM UTC
SquawkNews
Groupe BPCE acquired an approximately 7% stake in Banco Sabadell via market purchases and instruments, plans board representation, and does not intend to exceed 9.9%. The parties will explore cooperation in several business lines.Material DetailsContext by AI AnalystThis is an early-stage ownership…
05:58:32 AM UTC
SquawkNews
By Adria CalatayudGroupe BPCE bought a roughly 7% stake in Spain's Banco de Sabadell, a move that deepens the French banking group's push into the Iberian Peninsula after its acquisition of Portugal's Novobanco.The banks said Tuesday that BPCE's investment was friendly in nature and that they inten…
French banking group BPCE has acquired an interest of around 7% in Spanish lender Sabadell BME:SAB through market purchases and financial instruments, the two lenders said on Tuesday, with BPCE saying it plans to become a long-term shareholder. BPCE said it intends to seek representation on Sabadell's board and does not plan...