December 12, 2016 / 6:46 PM / 8 months ago

Spain's Sabadell to sell 4 percent of Portuguese lender BCP

MADRID, Dec 12 (Reuters) - Spain's Banco Sabadell said on Monday it was planning to sell a 4.08 percent stake and voting rights in Portuguese lender Millennium BCP, worth around 50 million euros ($53.21 million), to institutional investors.

After the sale, which will take place through an accelerated bookbuilding being handled by Citigroup, Sabadell will keep a 0.14 percent stake in BCP.

$1 = 0.9398 euros Reporting By Jesús Aguado; editing by Robert Hetz

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