Home »Business & Finance » Banking & Finance » Sabadell will be shareholder in Spain’s bad bank

abad23MADRID: Spain's fifth biggest bank Sabadell said on Friday it intended to become a shareholder in Spain's bad bank, created to siphon off bad property assets from lenders as a condition of receiving European aid.

 

"We will definitely hold an equity stake in the bad bank," said Chairman Josep Oliu.

 

Copyright Reuters, 2012

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