Brussels, Paris, 6 July 2012 - 7:15 pm
Dexia acknowledges Banco Sabadell's intention to exercise its put option on its stake in Dexia Sabadell
In application of a contractual agreement taken in 2001, Dexia was informed today by the management of Banco Sabadell of its intention to exercise its option to sell to Dexia Credit Local its 40% stake in Dexia Banco Sabadell. As a result Dexia Credit Local would own 100% of Dexia Sabadell.
Dexia acknowledges the choice made by Banco Sabadell. This decision constitutes a starting point in a process regulated by the terms of the current contract and which must be furthermore appreciated in the wider framework of the orderly resolution process submitted to the European Commission.
