Portugal

Owner of the New Bank buys 7% of Sabadell for 1,200 million

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/10/2026, 11:16:24 UTC.

Briefings

A French group holding Novo Banco has secured a strategic stake in Sabadell, with potential to reach 9.9% of capital. This acquisition adds a French entity to the Spanish bank's governance, though the exact current percentage remains unspecified.

Key points

• The Novo Banco group, a French entity, has been appointed to the Board of Administration of Sabadell.
• The group's stake is assumed to be strategic and could increase to 9.9% of the capital.

Context

This acquisition represents a strategic partnership between a French financial group and a Spanish bank, expanding governance options for Sabadell.

Limitations

The evidence does not specify the current percentage held by Novo Banco, nor does it confirm if the 9.9% figure is a maximum potential or current status.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 20/10/2026, 03:29:35 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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