CaixaBank concludes purchase of Barclays Bank SAU
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.