Published 4 years ago

CaixaBank and Bankia to merge, creating Spain’s largest bank

Summary

The boards of Spain’s CaixaBank and state-owned Bankia have approved a merger plan between the two lenders, which will create the biggest bank in the country.

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Yahoo News

CaixaBank Strikes Takeover Deal Valuing Bankia at $4.5 Billion

(Bloomberg) -- CaixaBank SA agreed to take over Bankia SA in a deal that values the state controlled lender at about 3.8 billion euros ($4.5 billion) and creates the biggest bank operating in Spain.Bankia investors will receive 0.6845 shares in CaixaBank for each one they hold in Bankia, the lenders

4 years ago·Los Angeles, United States

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News18 India

Factbox: The Caixabank And Bankia Merger In Numbers

Caixabank and stateowned Bankia on Friday announced the details of a merger to create Spain's biggest domestic bank by assets.

4 years ago·India

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Reuters

Spanish banks Caixabank and Bankia approve their merger

MADRID, Sep 17 - The Spanish entity Caixabank valued Bankia at 4,300 million euros in view of the merger through a share exchange that will allow the creation of the largest bank in Spain with more than 664,000 million euros in assets. The banks said in a joint statement on Friday that they expected recurring cost synergies of around $ 770 million.

4 years ago·United Kingdom

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CNN

A deal to create Spain's largest lender could signal more bank mergers in Europe

Two big Spanish banks have announced a deal to create the country's largest domestic lender in a move that could signal the start of further consolidation in Europe's beleaguered banking sector.

4 years ago·Atlanta, United States

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CNBC

CaixaBank and Bankia to merge, creating Spain’s largest bank

The newly created lender, which will keep the CaixaBank brand, will have assets of more than 664 billion euros, the companies said.

4 years ago·United States

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RTÉ

Caixabank values Bankia at €4.3 billion in Spanish deal

Spain's Caixabank has valued state-owned Bankia at €4.3 billion as part of an all-in share deal that will create Spain's biggest domestic bank with more than €664 billion in total assets.

4 years ago·Ireland

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