The group announced the sale of its Florida retail banking subsidiary United Bank for a total consideration of $1,025m. The transaction is expected to close in the second half of this year. Following the operation, the group will continue developing its core activities of Corporate Banking and International Private Banking through its branch in Miami.
02 Mar 2017
Geographic refocusing
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Geographic refocusing
Banco de Sabadell SA (SAB:WBO) | 0 0 0.8% | Mkt Cap: 10,227m
- Published:
02 Mar 2017 -
Author:
David Grinsztajn -
Pages:
2
The group announced the sale of its Florida retail banking subsidiary United Bank for a total consideration of $1,025m. The transaction is expected to close in the second half of this year. Following the operation, the group will continue developing its core activities of Corporate Banking and International Private Banking through its branch in Miami.