Post by account_disabled on Jan 17, 2024 4:41:59 GMT
The FROB , Bankia 's largest shareholder with almost 62%, will begin the evaluation of the merger agreement with CaixaBank , including the exchange ratio, when it receives the documentation that the entities will send it after their respective boards of directors, scheduled in principle for the Wednesday.
This was reported to EFE this Monday by market sources, who recall that the FROB does not participate, therefore, in the negotiations between Bankia and CaixaBank, from which a merger proposal may emerge that will be communicated to the Whatsapp Number List boards of directors . When the FROB has all the data in its possession, which could happen on Wednesday, it will begin to analyze it together with Nomura , the investment bank that until now has advised the organization on the only two divestments they have made in Bankia, the companies explain.
sources, who remind that this process can take weeks . The FROB sold 7.5% of Bankia in 2014, for 1,304 million euros and, later, in December 2017, it got rid of another 7% and obtained 818 million euros. Market sources remind that until the entire State participation in Bankia is dissolved, through the FROB, (almost 62%) it will not be known how much has been recovered in total, of the 22,000 million injected by Brussels in 2012. That 61.8% could be diluted to 14-15% after the operation, according to calculations from some sources, which are part of the agreements that are currently being negotiated and that the FROB has not confirmed.
This was reported to EFE this Monday by market sources, who recall that the FROB does not participate, therefore, in the negotiations between Bankia and CaixaBank, from which a merger proposal may emerge that will be communicated to the Whatsapp Number List boards of directors . When the FROB has all the data in its possession, which could happen on Wednesday, it will begin to analyze it together with Nomura , the investment bank that until now has advised the organization on the only two divestments they have made in Bankia, the companies explain.
sources, who remind that this process can take weeks . The FROB sold 7.5% of Bankia in 2014, for 1,304 million euros and, later, in December 2017, it got rid of another 7% and obtained 818 million euros. Market sources remind that until the entire State participation in Bankia is dissolved, through the FROB, (almost 62%) it will not be known how much has been recovered in total, of the 22,000 million injected by Brussels in 2012. That 61.8% could be diluted to 14-15% after the operation, according to calculations from some sources, which are part of the agreements that are currently being negotiated and that the FROB has not confirmed.