Post by account_disabled on Jan 16, 2024 20:30:47 GMT -8
Bankia and CaixaBank have already reached an agreement on their merger, but there are still four key events to approve the operation, including a meeting between the Vice President of the Government Nadia Calviño and the President of Fundación la Caixa, Isidro Fainé. Since the talks between both entities to create the largest bank in Spain were announced, the president of Bankia, José Ignacio Goirigolzarri, and the CEO of CaixaBank, Gonzalo Gortázar , have led the negotiations to create the largest banking group in Spain, they explain. sources close to the process. However, after the agreement reached between the executives of both entities, the formal approval of Nadia Calviño, representing the interests of the State - Bankia's main shareholder - and Isidro Fainé, as head of CriteriaCaixa and the Foundation, is missing. La Caixa, first shareholder of CaixaBank.
This meeting is the first key meeting after the agreement between Bankia and CaixaBank, but it is kept secret when that meeting will take place, which will mark the starting signal for the convening of three more decisive meetings this week: those of the boards of administration of Bankia and CaixaBank and that of the FROB governing committee. The details of the agreement between Goirigolzarri and Whatsapp Number List Gortázar have barely emerged, but it seems clear that Bankia will obtain a stake of more than 25% in the new group resulting from the merger with CaixaBank, which would therefore control less than the remaining 75%. The headquarters of the new group will be in Valencia , the CaixaBank brand will prevail and the board of directors will try to represent the shareholders through proprietary shareholders, in addition to having space for executives and having independents.
The second key event after the meeting between Calviño and Fainé is the meeting of the FROB governing committee, since it has had an agreement for years by which Bankia undertakes to inform it in advance of any particularly relevant issue that will be discussed in its board of directors. Waiting for the FROB and advice In the case of a merger, Bankia is obliged to communicate this type of event to the FROB, its main shareholder, with the same notice of at least 24 hours with which it convenes its board of directors. The FROB, for its part, will meet to its governing committee to formally acknowledge this fact, which will likely happen before the meeting of Bankia's main management body begins, although it is not mandatory. The other two key meetings for the rest of the week will be the respective meetings of the boards of directors of Bankia and CaixaBank, which could take place next Thursday, and would serve to seal the merger and convene the shareholders' meetings to finally approve the merger. operation. Before this last meeting, the FROB and the la Caixa Banking Foundation will be in charge of carefully studying the operation.
This meeting is the first key meeting after the agreement between Bankia and CaixaBank, but it is kept secret when that meeting will take place, which will mark the starting signal for the convening of three more decisive meetings this week: those of the boards of administration of Bankia and CaixaBank and that of the FROB governing committee. The details of the agreement between Goirigolzarri and Whatsapp Number List Gortázar have barely emerged, but it seems clear that Bankia will obtain a stake of more than 25% in the new group resulting from the merger with CaixaBank, which would therefore control less than the remaining 75%. The headquarters of the new group will be in Valencia , the CaixaBank brand will prevail and the board of directors will try to represent the shareholders through proprietary shareholders, in addition to having space for executives and having independents.
The second key event after the meeting between Calviño and Fainé is the meeting of the FROB governing committee, since it has had an agreement for years by which Bankia undertakes to inform it in advance of any particularly relevant issue that will be discussed in its board of directors. Waiting for the FROB and advice In the case of a merger, Bankia is obliged to communicate this type of event to the FROB, its main shareholder, with the same notice of at least 24 hours with which it convenes its board of directors. The FROB, for its part, will meet to its governing committee to formally acknowledge this fact, which will likely happen before the meeting of Bankia's main management body begins, although it is not mandatory. The other two key meetings for the rest of the week will be the respective meetings of the boards of directors of Bankia and CaixaBank, which could take place next Thursday, and would serve to seal the merger and convene the shareholders' meetings to finally approve the merger. operation. Before this last meeting, the FROB and the la Caixa Banking Foundation will be in charge of carefully studying the operation.