Aurica capital development
Sadabell will change the legal status of the management company from a Sociedad Gestora de Instituciones de Inversión Colectiva (SGIIC) to a Sociedad Gestora de Entidades de Inversión Colectiva de tipo Cerrado (SGEICC), as established by the new Spanish private equity regulations.
After selling the shares it controlled in Comsa Emte, Telstar and Eurofragance, Aurica XXI - which had resources of 150 million in this last phase - now holds a portfolio of four investees: Intermas Nets (20%), Saria Bio Industries (under 10%), Luxiona (20%) and France's Laboratoires Uriage (5%).
Sabadell increases capital by 1.6 billion to buy TSB
Sabadell has bought a 9.9% stake in the British bank.or TSB to its main shareholder Lloyds. In addition Lloyds grants it an option to acquire the remaining shares before 2016.
The capital increase will be realised irrespective of whether the purchase option is realised or not.
Sabadell's board of directors has also recently appointed José Manuel Lara García as a new director of the bank. The co-opted appointment as an independent director will serve to fill the position of his father, José Manuel Lara Bosch, who passed away last January.
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