M&AFinancial ServicesSIGNED
BPCE Increases Stake in Banco Sabadell via Financial Derivatives
Acquirer
BPCE
Target
Banco Sabadell
French financial group BPCE has acquired a 4.16% stake in Banco Sabadell using financial derivatives. This move contributes to BPCE's overall 7% position in the Spanish bank, as reported to the CNMV.
✦ Meridian Analysis
BPCE has increased its holding in Banco Sabadell to 4.16 % through the use of financial derivatives, bringing its total exposure to 7 % and constituting a portfolio investment in the Spanish banking sector. BPCE is the investor and Banco Sabadell the target; the transaction is disclosed to the CNMV but no price, derivative type, or regulatory approval details are given.
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