Barclays : completes sale of Spanish pension assets to Caixa Group

LONDON (Reuters) - Barclays (>> Barclays PLC) has completed the sale of its Spanish pension assets and liabilities to a unit of CaixaBank (>> CaixaBank SA), the British lender said on Friday, as it continues to sell assets deemed non-core to its strategy.

LONDON (Reuters) - Barclays (>> Barclays PLC) has completed the sale of its Spanish pension assets and liabilities to a unit of CaixaBank (>> CaixaBank SA), the British lender said on Friday, as it continues to sell assets deemed non-core to its strategy.

About 35,000 customers and 350 million euros (£274 million)of assets under management will be transferred to Caixabank-owned Vidacaixa de Seguros y Reaseguros, Barclays said.

The British lender completed the sale of its Spanish retail bank to Caixabank in January 2015 and announced the proposed sale of its Barclaycard consumer payments business in Spain and Portugal to Bancopopular-e in April this year.

($1 = 0.8850 euros)

(Reporting By Lawrence White; Editing by David Goodman)

Stocks treated in this article : CaixaBank SA, Barclays PLC