FROB formalises its acquisition of 4.24% of Sareb’s share capital, reaching a majority stake

Madrid, 05/04/2022.

Royal Decree-Law 1/2022, of January 18, eliminated the limits to the State’s stake in Sareb (Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria, S.A.), allowing FROB to increase its participation in the capital of this company.

Following the meeting of the Governing Committee of FROB on April 1st, in its restricted format, where the formalization of the sale was agreed, and having completed all relevant procedures, on April 5th the acquisition of Sareb shares was recorded in a public deed.

With the acquisition of 4.24% of Sareb’s share capital, which has been formally notified to the Company, the FROB has reached a 50.14% stake.