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France's BPCE buys 7% stake in Spain's Sabadell, explores cooperation
Source: reuters.com
Banking & LiquidityM&A & RestructuringCompany Fundamentals
French banking group BPCE acquired an approximately 7% stake in Spain's Sabadell through market purchases and financial instruments. The two lenders said BPCE plans to be a long-term shareholder; no transaction value or market reaction was reported.
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