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Barclays sells Spanish pension assets

Barclays-LogoBarclays has completed the sale of its Spanish pension assets and liabilities to a unit of CaixaBank. The sale is part of Barclays’ plan to rid assets deemed non-core to its strategy. About 35,000 customers and 350 million euros)of assets under management will be transferred to Caixabank-owned Vidacaixa de Seguros y Reaseguros, Barclays said. Barclays 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.

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