CaixaBank has entered into a swap agreement with its controlling shareholder, Criteria, to transfer its stakes into Inbursa (9.01%) and Bank of East Asia (17.24%) against shares in CaixaBank owned by Criteria (9.9%) and a cash consideration of €642m. The increase in treasury shares will be neutralised by an equivalent redemption. This deal, to be completed in the first quarter of next year, will enable the group to meet its objective to reduce the equity consumption of its equity portfol
04 Dec 2015
Meeting investors' request ahead of schedule
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Meeting investors' request ahead of schedule
CaixaBank SA (CABK:WBO) | 0 0 1.0% | Mkt Cap: 24,117m
- Published:
04 Dec 2015 -
Author:
David Grinsztajn -
Pages:
2
CaixaBank has entered into a swap agreement with its controlling shareholder, Criteria, to transfer its stakes into Inbursa (9.01%) and Bank of East Asia (17.24%) against shares in CaixaBank owned by Criteria (9.9%) and a cash consideration of €642m. The increase in treasury shares will be neutralised by an equivalent redemption. This deal, to be completed in the first quarter of next year, will enable the group to meet its objective to reduce the equity consumption of its equity portfol