Spanish bank CaixaBank SA (CABK.MC) said Monday it's reached a deal to sell a 9.4% stake in Portugal's Banco BPI SA (BPI.LB) to Santoro Finance, an investment company.

In a regulatory filing, CaixaBank said Santoro Finance will pay EUR46.7 million for the stake, plus some interest to be accumulated until the deal goes through.

Following the deal, CaixaBank will cut its stake in BPI to 39.5% from the current 48.9%, the Spanish bank added.

-By David Roman, Dow Jones Newswires, +34 91 395 8127; david.roman@dowjones.com

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