CaixaBank concludes purchase of Barclays Bank SAU

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Spain’s CaixaBank and Barclays Bank PLC have concluded the deal on the purchase by the Spanish retail of Barclays Bank SAU, the bank’s Spanish branch.

The sale includes the retail business of Barclays Bank SAU as well as its asset management and corporate banking activity.

Thanks to the purchase, CaixaBank, already among the biggest players for retail clients in Spain, gains 550,000 new clients from Barclays.

With the new clients, CaixaBank will also incorporate 262 offices and 2,400 employees from the British bank throughout the country.

The new board of Barclays Bank SAU will be chaired by Juan Alcaraz and will have Juan Gandarias as general director.

The news of the purchase was announced earlier in September.
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