MADRID (Reuters) - Spanish bank Banco de Sabadell SABE.MC said on Monday it agreed to sell its depositary unit to France's BNP Paribas BNPP.PA for 115 million euros ($127.40 million).
The Sabadell unit had assets worth 22 billion euros in custody, the Spanish bank said.
The sale, which is expected to be closed during the second quarter of 2021, will bring Sabadell a net capital gain worth 75 million euros.
Reporting by Inti Landauro, editing by Louise Heavens
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