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Citi: Spanish election could revive BBVA-Sabadell takeover bid
ExpansiónLO·ES·1 day ago
French banking group BPCE has acquired a 7% stake in Spain's Banco Sabadell in a friendly deal, with plans to cap its holding at 9.9% and take a board seat. The two banks will explore joint opportunities in corporate and investment banking, consumer credit, and international business. This cross-border investment signals consolidation interest in European banking and could influence Sabadell's strategic direction.