BPCE buys ~7% stake in Banco Sabadell, plans board seat

French lender BPCE has acquired a stake of approximately 7% in Banco Sabadell, with plans to secure a seat on the Spanish bank's board. BPCE stated it does not intend for its shareholding to exceed 9.9%. The two entities will explore strategic cooperation, particularly in corporate and investment banking, equipment leasing, consumer credit, and cross-border client business, with discussions expected to conclude in early 2027.