said April13 that it transferred the same day its entire 20.99% stake in to for a price of€52.4 million.

Thetransaction stems from Sabadell's exercise of its put option on July 6, 2012.Sabadell will earn gross proceeds of €52.4 million from the sale.

DexiaCrédit Local, a unit of DexiaSA, now owns 100% of Dexia Sabadell as a result of the transfer.