SA News • Mon, Sep. 1
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Mon, Sep. 1, 2:11 AM
- Caixabank (OTCPK:CAIXY) has announced that it will buy Barclays’ (NYSE:BCS) Spanish operations, including its retail bank, wealth management business and commercial banking business for €800M ($1.1B).
- The deal will cement Caixabank’s position as the largest retail bank in Spain by adding 250 branches and 550K new clients, along with assets worth €21.6B.
- The acquisition will not include Barclays' Spanish credit card and investment banking arms.
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