MADRID, 21 Oct. (EUROPA PRESS) -

The Swiss bank Credit Suisse has decided to dispose of its 8.6% stake in the Spanish fintech Allfunds for a total of 334 million euros, as reported by the financial institution this Friday in a statement.

The price at which the sale was closed was 6.195 euros per share, which represents a discount of 5.9% compared to the price at which the company's listing closed on Thursday on the Amsterdam Stock Exchange.

The transaction, which has been managed by both Credit Suisse and Barclays, is expected to close on October 25. The total package of shares amounts to 53.9 million titles.

Credit Suisse is scheduled to announce on October 27 a strategic review of its business, including possible asset sales and divestitures. At the beginning of the month, doubts in the markets about the bank's solvency led its shares to trade at historical lows.

After learning of Credit Suisse's decision to sell its stake, Allfunds shares fell 5.17% this Friday, to stand at 6.24 euros. In the last year, the value accumulates a drop in the Stock Market of about 65%.