The State will remain in the capital of CaixaBank until 2025 after the Government has extended the deadline. abandonment of investment at this turnout, which is currently 17.63%.
This will be approved by the next Cabinet, which will be held on Tuesday, as anticipated. December 2025 New deadline for the sale of this percentage held by the government through the Spanish resolution agency FROB.
This new expansion, which will be the fourth, “Tries to provide more efficiency in the use of public resources”maximizing the recovery value of the State’s involvement in order to protect the general interest, explains the Government in a note.
Likewise, the divestiture process “must take into account the current context of uncertainty and high volatility in the marketsAs well as the potential for CaixaBank’s shares to continue to develop positively in a rising interest rate environment,” he adds.
Current 17.3% stake owned by FROB appeared in 2003With the acquisition of 68.69% of Bankia through Bankia’s parent company, BFA.
After the absorption of Bankia – after all integration of seven boxes By CaixaBank, including Ávila and Segovia, FROB acquired a 16.12% stake in the resulting entity’s capital after completing its share purchase program and business-approved capital reduction.
This will be the fourth extension of the initial sale period after approval. the first in December 2016, the second in 2018 and the last in February 2021by extending the disposal period until December 2023.
Last October, the head of FROB, Paula ContheIn a speech to Congress, he explained that it would be “reasonable” for the State to continue its involvement beyond 2023, precisely because of the volatility of markets and the current macroeconomic context.
He also acknowledged that it would be difficult to undo all the aid given to Bankia at the time, although he insisted that the ultimate goal of FROB was that. maximize the amount recovered.
BFA-Bankia group is a 22,424 million euro injection, Of that, 10,620 million went to Bankia, a listed subsidiary, and BMN also received 1.645 million.