Sabadell will be shareholder in Spain's bad bank

MADRID Fri Nov 30, 2012 10:48am EST

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MADRID Nov 30 (Reuters) - 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.